Rising oil prices and renewed momentum in energy shares are pushing trading activity deeper into the sector. Bloom Energy stands out as its stock jumps sharply and options turnover overtakes SpaceX contracts amid heavy speculative positioning.
Highlights
- Bloom Energy options volume surged to more than 2.5 times its 30-day average on Tuesday, with nearly $500 million in premium traded by midday.
- Bloom shares rose over 10% Tuesday, up more than 30% over the past week and nearly 70% since late July earnings, as S&P 500 inclusion nears.
- Implied volatility in Bloom reached above 90%, outpacing Valero at 50% and ExxonMobil at 30%, with the 300-strike call expiring Friday most active.
Options activity accelerates on stock rally
As reported by CNBC, citing Cboe LiveVol and SpotGamma, options trading in Bloom Energy surges to more than 2.5 times its 30-day average on Tuesday, with nearly $500 million in premium exchanged by midday. That exceeds the $350 million traded in SpaceX options and is far above the $25 million traded in Valero Energy, described as the most volatile energy stock in the S&P 500.Bloom shares jump more than 10% on Tuesday. The stock is up more than 30% over the past week and has climbed almost 70% since the company reported earnings in late July.
The latest gains also come after S&P Dow Jones Indices announces at the end of last week that Bloom will join the S&P 500 on Sept. 21.
Volatility outpaces energy peers
Implied volatility in Bloom is currently above 90%, according to ThinkOrSwim, a level that is notably higher than any S&P 500 energy stock mentioned in the data. By comparison, Valero shows implied volatility of 50%, while ExxonMobil stands at 30%.The most active Bloom contract by volume on Tuesday is the 300-strike call expiring Friday. The option trades at $4.65 and requires the stock to gain another 8% for buyers to break even.
Our earlier coverage of the S&P 500’s late-summer rally and year-end outlook noted that equities were carrying momentum into the final stretch of the year, with broader participation helping support the advance. At the same time, we highlighted key headwinds—higher oil prices, rising Treasury yields and the risk of tighter Fed policy—that could disrupt sentiment even as overall volatility remained subdued.
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