There was a very large options trade recently in Bloom Energy (BE), which stood out for a stock that doesn't generally trade that many options. BE is a green energy company that had been enjoying a nice run higher in the stock price in recent months. However, the company just announced it has to restate several years of revenues and it immediately prompted downgrades from analysts.
A huge put buyer then came in and grabbed more than 8,000 in-the-money puts expiring in May for about $2.6 million in premiums. This suggests there could be substantial downside for the stock over the next three months.

Jay Soloff is the Options Portfolio Manager at Investors Alley. He is the editor for Options Profit Engine, an investment advisory bringing you professional options trading strategies, with all the bells and whistles of Wall Street, but simplified so all you have to do is enter the trades with your broker.