Bloom Energy ended the session at USD 207.12, a 26.49 percent increase from the previous close.

The session saw outsized options activity, dominated by a massive short put trade valued at USD 3.64 million. This bold sale of out-of-the-money puts on a sharp rally day signals conviction that the stock can hold its recent gains. A second, smaller long put purchase added a layer of tail-risk protection, but the overall flow painted a decidedly bullish picture for the clean-energy name.

>>>Unlock Earnings Insights & Commission-Free Trading Benefits!

Options Indicators

BE’s implied volatility is 132.83%, and with an IV percentile of 81.27%, current option volatility is in an elevated range, indicating that options are priced expensively relative to their own recent history. The IV/HV ratio of 1.12 also shows implied volatility is running above realized volatility, suggesting the market is assigning a premium to forward uncertainty and option buyers are paying up for that risk.

The Call/Put volume ratio is 0.79.

Large Trades

A PUT sale worth USD 3.64 million was the largest large trade, with 2,500 contracts of the August 7, 2026 $197.50 put sold. With BE referenced at $207.12, this strike sits out of the money, making the position a moderately bullish expression. By selling downside protection below the current stock price, the trader is signaling a view that BE will likely remain above $197.50 through expiration, while collecting premium income upfront. Strategically, this kind of short put position is often used either for income generation or as a way to express willingness to accumulate shares at an effective entry level below the current market.

A PUT purchase worth USD 0.56 million was the other notable large trade, involving 3,500 contracts of the August 7, 2026 $150.00 put bought. This strike is well out of the money relative to the $207.12 reference price, so the trade reflects a bearish or protective downside view focused on a more severe decline scenario rather than an immediate near-the-money hedge. Buying this put gives the holder convex downside exposure into expiration, suggesting either a low-cost tail-risk hedge or a speculative position looking for a sharp breakdown in BE over the longer term.

Overall, the large-trade flow in BE leans clearly bullish. The dominant transaction was the much larger out-of-the-money short put sale, which typically reflects confidence in price stability or upside-to-sideways expectations, while the smaller long put purchase appears more like a secondary hedge or targeted downside speculation. Taken together, the balance of size and strategy points to investors being more comfortable selling downside risk than aggressively positioning for a major drop, leaving the overall options sentiment skewed positively.

Strategy Reference

For traders looking to replicate the bullish income approach with lower capital commitment, selling a put spread—such as shorting the $197.50 put and buying the $150.00 put—defines risk while still capturing a large portion of the elevated premium, ideal when implied volatility ranks in the 81st percentile.