Bloom Energy Options Surge Past SpaceX — SkimNews
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- Bloom Energy has surged 1,800% over the past three years and gained over 30% in one week, driven by earnings momentum and anticipation of its S&P 500 debut on September 21
- Bloom Energy saw options trading volume exceed 2.5 times its 30-day average, with nearly $500 million in premium traded in a single day—more than SpaceX's $350 million options volume
- Bloom Energy carries an implied volatility above 90%, far exceeding any S&P 500 energy stock, including Valero Energy at 50% and ExxonMobil at 30%
- S&P Dow Jones Indices announced Bloom Energy will join the S&P 500 on September 21, marking the first addition of an energy stock to the index since 2022
- Options traders favored high-risk, short-term bets on Bloom, with the most active contract being the 300-strike call expiring Friday, requiring an 8% further gain to break even
- USO and XLE showed mixed options sentiment, with USO seeing balanced put/call volume and XLE’s call dominance offset by three of the top five contracts being puts
Why it matters: Bloom Energy’s options activity reflects a speculative shift toward alternative energy plays tied to AI infrastructure, not oil-linked equities—despite conventional energy leading 2026 gains. With $500 million in daily options premium and volatility double that of peers, the market is pricing extreme near-term moves around its S&P 500 entry, creating asymmetric risk for holders ahead of index rebalancing.
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