Joel Anderson is a business and finance writer with over a decade of experience writing about the wide world of finance. Based in Los Angeles, he specializes in writing about the financial markets,.
We saw seven times the average daily put volume [in SunPower], and normally we might think that means that traders are making bearish bets. That s not necessarily the case here. This stock has been climbing a wall of worry with only four of 15 analysts having bullish recommendations on this stock, Optimize Advisors CIO Michael Khouw said Tuesday on CNBC s Fast Money.
Despite analysts unwillingness to believe the hype and get bullish on the stock, which has risen 500% in the last six months alone, there s at least one trader willing to buck the trend and bet that the bottom isn t falling out in the near future.