Bloom Energy Corp closed at 272.89 USD, up 2.73%.

Bloom Energy Corp saw a dominant $10.37 million net credit block in Dec. 18, 2026 $210.00 options, structured as a short straddle by selling 1,050 calls and 1,050 puts at the same strike. This single large trade shaped the session’s options flow, signaling a premium-collecting posture and a relatively confident view on volatility and downside support.

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Options Indicators

BE’s implied volatility stands at 83.12%, while its IV percentile is just 2.39%, indicating that although the absolute level of implied volatility remains high, it is sitting near the bottom of its own historical range. Combined with an IV/HV ratio of 1.12, options appear slightly rich relative to realized volatility, but overall the very low percentile suggests current option pricing is on the cheap side compared with where BE’s volatility has typically traded.

The Call/Put volume ratio is 1.27.

Large Trades

A covered-premium style short combination worth a $10.37 million net credit dominated the tape, built by selling 1,050 Dec. 18, 2026 $210.00 calls and selling 1,050 Dec. 18, 2026 $210.00 puts. Because this CALL+PUT package consists of both a Sell Call and a Sell Put at the same strike and expiration, it is best understood as a short straddle, and its size should be measured by the stated $10.37 million net credit. With BE referenced at $272.89, the short call leg is in the money while the short put leg is out of the money. Strategically, this structure points to premium collection and a view that volatility may be overpriced or that the shares may gravitate closer to the strike over time, but it also leaves the trader exposed to large directional risk if the stock makes an outsized move away from $210.00.

Overall, the large-trade flow leans moderately bullish. The key reason is that the only notable block was this short straddle, where the in-the-money call sale is excluded from directional read-through while the out-of-the-money put sale contributes a bullish signal, implying institutional willingness to take on downside assignment risk at a lower strike. In short, the block activity suggests a constructive-to-bullish stance, with sentiment expressed more through premium-selling confidence and downside support than through aggressive upside chasing.

Strategy Reference

For traders seeking a lower-assignment-risk alternative, selling a put spread such as the Dec. 18, 2026 $190.00/$180.00 put spread may offer limited downside exposure while aligning with the observed bullish put-selling sentiment without posting an uncovered margin.