AAL

SunPower Stock Options Volume Pops After U.S. Tariff Ruling

The solar sector is getting a lift today after a federal ruling said panel imports disrupt domestic demand

Sep 22, 2017 at 2:06 PM
facebook X logo linkedin


Solar stocks are flying high today, after the U.S. International Trade Commission found that solar panel imports were negatively impacting domestic manufacturers. The agency will now pass along it recommendations to the Trump administration, which will decide whether to impose tariffs on the solar imports -- with China one of the main manufacturers. One alternative energy name getting a big boost from the ruling is SunPower Corporation (NASDAQ:SPWR). SPWR shares were last seen up 4.1% at $7.68, sparking a flood of activity in the stock's options pits.

By the numbers, 9,338 calls and 2,960 puts have traded on SPWR so far -- five times what's typically seen, and total options volume pacing in the 100th annual percentile. Despite the heavy call-bias, not all of the day's activity is of the bullish variety.

The stock's weekly 8/29 8-strike call is most active with 5,334 contracts traded, and it looks like the bulk of the activity is of the sell-to-open kind. If this is the case, the call writers expect SPWR to remain below $8 through expiration at next Friday's close.

Although the security was trading north of $8 earlier this week, a three-day losing streak from Tuesday through Thursday brought the shares below here -- and south of two potential layers of technical resistance. Specifically, the $8 level coincides with the stock's formerly supportive 200-day moving average, as well as a 61.8% Fibonacci retracement of its March-to-July surge. Earlier today, SPWR shares topped out at an intraday peak of $7.87.

spwr stock daily chart sept 22

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.