An options wiseguy seems to be making some sort of big bet on Solar City (SCTY), with the opening trade of 4800 June $69 calls. It’s not quite clear if this was a buy or sell at this time. More info is needed to determine this, but our guess is a sell.
These 4800 Jun $69 calls expire end of day Friday June 21 (tomorrow). Solar City (NASDAQ: SCTY) is trading at $67.55 this afternoon, up 35 cents. It traded as high as $68.90 early this morning before falling off again.
The only other recent news was yesterday’s upgrade of Solar City by Roth Capital, to $80.