Bloom Energy Corp closed at USD 214.96, up 3.98%.

The day's notable options activity was headlined by a multi-million dollar out-of-the-money put sale, signaling a significant premium collection strategy by a large participant amidst elevated volatility levels.

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Options Indicators

BE’s implied volatility is 180.14%, and with an IV percentile of 100.00%, current option volatility sits at the very top of its recent range.

Combined with an IV/HV ratio of 1.33, this indicates the options market is pricing in materially richer premium than the stock’s historical realized movement, so options appear expensively priced and volatility is clearly elevated.

The Call/Put volume ratio is 0.55.

Large Trades

A PUT sale worth $8.91 million was the largest displayed trade, with 4,000 contracts of the October 16, 2026 $145.00 put sold.

With BE referenced at $214.96, this strike sits out of the money, making the trade a moderately bullish or income-oriented position that benefits if the stock remains well above $145.00 into expiration.

Selling an out-of-the-money put at this size typically signals willingness to collect premium while expressing confidence that downside will stay limited, and it can also reflect an investor comfortable with potentially owning shares at a much lower effective entry level.

A PUT buy worth $2.89 million was the other key large trade, consisting of 2,742 contracts of the July 24, 2026 $197.50 put purchased.

With the stock at $214.96, this strike is also out of the money, so the buyer is positioning for downside protection or a bearish move over the coming months.

As a single-leg put purchase, the strategic meaning is straightforward: the trader paid premium for convex downside exposure, suggesting concern that BE could weaken enough to bring the strike into play before expiration.

Overall sentiment in BE’s large-trade flow was bullish, with total bullish activity of $8.91 million versus $4.05 million in bearish activity, leaving a net bullish difference of $4.86 million.

The directional lean is therefore clearly positive, driven primarily by the dominant out-of-the-money $145.00 put sale, which outweighed the bearish put buying and call selling seen elsewhere in the tape.

Taken together, the flow suggests the market’s larger participants were more inclined toward premium collection and confidence in downside support than toward positioning for a major decline.

Strategy Reference

For traders seeking to collect premium with a low probability of assignment, selling a cash-secured put at a strike like $180.00, significantly below the current price, could be considered, while those preferring defined risk might explore a bear put spread using the July $200/$190 strikes.