BE — Long Nov 280 straddle
Bloom Energy is up 311% in a year and 9% on the week into an Oct 27 Q3 print, on $2.0B of 2025 revenue and $0.07B of operating income. The November 280 straddle costs $85.07, a 31% move, while 60-day realized vol runs at 120% against 91% implied and IV sits in the 4th percentile of its 52-week range. The trade is that a stock priced this far ahead of its income statement keeps moving more than the chain charges, in either direction.
- Ticker: BE
- Direction: Neutral
- Risk profile: volatility
- Confidence: medium
- Catalyst: Q3 2026 earnings (date est.) (2026-10-27)
- Cohort: 2026-09-13
- Expires: 2026-09-20
- Max loss: $85.07
Structure
- long call 280 2026-11-20
- long put 280 2026-11-20
Signals
- 1-year return: +311% (DB)
- 60d realized vol vs Nov IV: 120% vs 91% (DB)
- 2025 revenue / operating income: $2.0B / $0.07B (DB)
- Oct 280 call open interest: 8,716 contracts (DB)
What invalidates this thesis
Realized vol has already cooled to 77% over 20 sessions; if that continues and the stock settles between $194.93 and $365.07 by Nov 20, both legs decay and the straddle loses.