Suncor Energy Whale Trades for September 1

A whale with a lot of money to spend has taken a markedly bearish stance on Suncor Energy.

Reviewing Suncor Energy SU's options history, we detected 10 strange transactions.

If we consider the specifics of each trade, it is correct to say that 30% of investors opened trades with bullish expectations and 70% with bearish expectations.

Of all the trades identified, 2 are puts, for a total amount of $129,750 and 8 are calls, for a total amount of $2,170,124.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have targeted a price range of $10.0 to $35.0 for Suncor Energy over the course of for the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Suncor Energy options for a given strike price. Below we can see the evolution of call and put volume and open interest, respectively, for all Suncor Energy whale trades within a strike price range of $10.0 at $35.0 in the last 30 days.

Suncor Energy options volume and open interest in the last 30 days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SU CALL SWEEP BEARISH 12/16/22 $22.00 $485,000 1.7K 1.0K SU CALL SWEEP BEARISH 12/16/22 $22.00 $480,000 1.7K 500 SU CALL SWEEP BULLISH 03/17/23 $23.00 $465,000 3.3K 1.0K SU CALL SWEEP BULLISH 03/17/23 $23.00 $353.4,000 3.3K 500 SU CALL SWEEP BEARISH 12/16/22 $29.00 $129,000 320 300

How is Suncor Energy doing right now? With a volume of 6,254,306, the SU price is down -3.74% at $31.11. RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold. The next results should be published in 55 days.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay informed about the latest options trades for Suncor Energy, Benzinga Pro gives you real-time options trade alerts.

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