Option Buzz: Big Call Volume on Solar City (SCTY) June Calls

scty_options_buy_June_69_calls

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.

Here’s the five day chart on Solar City (SCTY):

scty_options_buy_June_69_calls


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