Bloom Energy Corp (BE) shares plummeted 5.44% during intraday trading on Monday, as the stock came under heavy selling pressure following the emergence of a massive bearish options bet that signaled deep concern among some institutional traders.
The decline was triggered by a reported $2.66 million bearish put block purchase, involving 14,000 contracts of the 197.5 strike put expiring in July 2026. This large-scale trade, which profits from a long-term decline in the stock, reflected strong conviction that the shares could face downside, sparking a wave of negative sentiment that drove the sharp intraday sell-off.
Although the broader options market leaned cautiously optimistic, the sheer size of the bearish put block appeared to dominate early trading, overshadowing bullish structures and leading investors to reassess the stock's near-term prospects.
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