There are big-money investors taking a bearish stance on Plug Power PLUG.
This surprising development came to light through publicly available options history tracked by Benzinga.
Whether these trades are the work of institutions or wealthy individuals is yet to be determined. However, significant moves in PLUG typically herald the anticipation of market ripples.
How do we know about these investors’ activities? Benzinga‘s options scanner uncovered 19 unusual options trades for Plug Power today.
This activity is far from ordinary, with the overall sentiment of these major traders teetering between 31% bullish and 68% bearish.
Of the notable options discovered, 10 are puts totaling $972,357, while 9 are calls totaling $484,469.
Expected Price Movements
A close evaluation of trading volumes and Open Interest reveals a spotlight on a price band between $1.5 and $15.0 for Plug Power over the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Plug Power options trades today stands at 8250.25 with a total volume of 61,795.00.
A comprehensive view of the volume and open interest development of call and put options for Plug Power’s major trades within a $1.5 to $15.0 strike price range charts events over the past 30 days.
Plug Power Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLUG | PUT | SWEEP | BEARISH | 03/15/24 | $4.50 | $400.0K | 23.0K | 9.0K |
| PLUG | PUT | SWEEP | BEARISH | 03/15/24 | $4.50 | $140.5K | 23.0K | 2.2K |
| PLUG | CALL | SWEEP | BEARISH | 06/20/25 | $5.00 | $130.9K | 6.1K | 1.4K |
| PLUG | PUT | SWEEP | BEARISH | 03/15/24 | $4.50 | $129.9K | 23.0K | 11.0K |
| PLUG | CALL | SWEEP | BEARISH | 06/20/25 | $5.00 | $78.7K | 6.1K | 1.1K |
About Plug Power
Plug Power aims to establish an end-to-end green hydrogen ecosystem, encompassing production, storage, delivery, and energy generation. The company’s ambitious plans include the development of green hydrogen highways across North America and Europe, with direct delivery to customers and joint venture partnerships targeting various markets such as material handling, e-mobility, power generation, and industrial applications.
With initial insight into Plug Power’s options trading patterns, attention now turns to the company’s current performance and market positioning.
Present Market Standing of Plug Power
- PLUG’s trading volume of 53,037,508 reflects a 0.21% decline, culminating in a price of $4.69.
- Current RSI values suggest the stock may be trending towards overbought territory.
- The next earnings report is slated for 26 days from the present date.
Options trading entails heightened risks and potential rewards. Savvy traders mitigate these risks through ongoing learning, adaptive strategies, the monitoring of multiple indicators, and vigilance over market dynamics. Stay abreast of the latest Plug Power options activity with real-time alerts via Benzinga Pro.
