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