Bloom Energy closed at $226.22, up 2.22%.

Bloom Energy’s options market showed a sharply bullish tilt on Wednesday, highlighted by a $1.18 million call purchase at the $350.00 strike expiring January 2027. The Call/Put volume ratio stood at 1.60, while implied volatility was 88.26% with an IV percentile of just 13.15%, suggesting premiums are relatively cheap versus their own history despite elevated absolute levels.

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Options Indicators

Bloom Energy’s implied volatility is 88.26%, while its IV percentile stands at 13.15%, which indicates that although the absolute IV level is high, it sits near the low end of its own historical range. In other words, current option pricing appears relatively cheap rather than elevated, and with an IV/HV ratio of 1.05, implied volatility is only modestly above realized volatility, suggesting option premiums are broadly in line with recent actual movement.

The Call/Put volume ratio is 1.60.

Large Trades

A call purchase worth $1.18 million was the standout large trade, with 1,600 contracts bought at the $350.00 strike for expiration on January 15, 2027. With BE referenced at $226.22, this call is clearly out of the money, making it a higher-conviction bullish position that needs substantial upside over time to pay off. The long-dated tenor suggests the buyer is positioning for a sustained appreciation story rather than a near-term trading pop, using limited-risk upside exposure to express a constructive view on the stock’s longer-term trajectory.

Overall, the large-trade flow points clearly bullish. The activity was entirely concentrated in upside call buying, with no offsetting bearish large trades appearing in the bulk order data, which indicates traders were willing to pay premium for leveraged upside exposure rather than positioning defensively or harvesting income. That pattern typically reflects confidence in a meaningful forward move higher, especially given the use of a far-out-of-the-money, long-dated call structure.

Strategy Reference

For traders seeking income without the same long-dated capital commitment, selling the $150.00 put expiring in 30 to 45 days offers a low assignment probability given current price, while a bull call spread such as buying the $250.00 call and selling the $300.00 call in the same January 2027 cycle can reduce net premium and margin requirements relative to an outright long call.