Blink Charging (BLNK) Surges 22.37%: What’s Fueling This Volatile Move?

Summary
• Blink Charging (BLNK) surges 22.37% intraday to $0.9178, breaking above its 52-week high of $2.65
• Recent $20 million public offering and Sourcewell contract expansion drive optimism
• Options chain shows extreme volatility, with 30-day implied volatility at 30%

Blink Charging (BLNK) is experiencing a dramatic intraday rally, surging 22.37% to $0.9178 as of 20:23 ET. The stock’s sharp move follows a $20 million capital raise and a strategic contract win with Sourcewell, signaling renewed investor confidence. With a 52-week range of $0.63–$2.65 and a dynamic PE of -1.84, BLNK’s volatility underscores its speculative nature. Traders are now scrutinizing technical levels and options activity to gauge the sustainability of this breakout.

Capital Raise and Contract Win Ignite Short-Term Optimism
Blink Charging’s 22.37% intraday surge is directly tied to two key catalysts: a $20 million public offering announced on January 8, 2026, and a strategic Sourcewell contract effective through 2029. The capital raise provides funds for DC fast-charging network expansion and working capital, while the Sourcewell deal enables 50,000+ public-sector entities to procure Blink’s EV charging solutions. These developments have reignited speculative interest in the stock, particularly among traders betting on near-term operational scaling and public-sector demand. The move also coincides with broader EV infrastructure tailwinds, though BLNK’s low valuation (-1.84 dynamic PE) suggests much of the optimism is forward-looking.

Options Playbook: Leveraging Volatility in a High-Beta Name
• 200-day SMA: $1.11 (below current price)
• RSI: 43.84 (oversold)
• Bollinger Bands: $0.63–$0.87 (current price at upper band)
• MACD: -0.113 (bearish), Signal: -0.146 (bearish), Histogram: 0.0325 (bullish divergence)

BLNK’s technicals suggest a volatile short-term setup. The stock is trading near its 200-day SMA and within the upper Bollinger Band, indicating overbought conditions. RSI at 43.84 suggests oversold territory, but the negative MACD and bearish signal line caution against overextending bullish bets. Key support/resistance levels at $0.76–$0.78 (30D) and $0.72–$0.76 (200D) will be critical for near-term direction.

Top Options Picks:
• BLNK20260220C1 (Call, $1 strike, expiring 2026-02-20):
- IV: 109.14% (high volatility)
- Delta: 0.478 (moderate sensitivity)
- Theta: -0.001997 (rapid time decay)
- Gamma: 1.206 (high sensitivity to price moves)
- Turnover: 7,213 (liquid)
- Leverage Ratio: 9.14% (moderate)
- Why it stands out: High gamma and IV make this call ideal for a sharp move above $1.00. If BLNK breaks the $1.00 psychological level, this option could see exponential gains due to its high gamma and moderate delta.
• BLNK20260618C0.5 (Call, $0.5 strike, expiring 2026-06-18):
- IV: 30.00% (moderate)
- Delta: 0.9994 (deep in-the-money)
- Theta: -0.000131 (slow decay)
- Gamma: 0.0113 (low sensitivity)
- Turnover: 31,937 (high liquidity)
- Leverage Ratio: 1.87% (low)
- Why it stands out: This deep-in-the-money call offers downside protection while retaining upside potential. With a delta near 1.0, it tracks the stock closely, making it a conservative play on sustained momentum.

Payoff Estimation:
Assuming a 5% upside to $0.9647, the BLNK20260220C1 would yield max(0, 0.9647–1.00) = $0.00 (no gain). However, a 10% move to $1.0098 would result in max(0, 1.0098–1.00) = $0.0098 per share. The BLNK20260618C0.5 would gain $0.0098 per share under the same scenario. Aggressive bulls should target the February $1 call for a breakout play, while conservative investors may prefer the June $0.5 call for directional exposure with lower risk.

Backtest Blink Charging Stock Performance
The backtest of BLNK's performance following a theoretical 22% intraday surge from 2022 to the present reveals dismal results. Despite the significant initial gain, the strategy yielded a -96.75% return, underperforming the benchmark by 139.72%. The Sharpe ratio was -0.68, indicating substantial risk, while the maximum drawdown was 0%, suggesting that although the strategy avoided further losses, it failed to capitalize on the opportunity.

Act Fast: BLNK’s Volatility Window Narrows as Key Levels Loom
Blink Charging’s 22.37% intraday surge is a high-risk, high-reward scenario driven by speculative capital and strategic wins. While the $20 million raise and Sourcewell contract provide near-term catalysts, the stock’s -1.84 dynamic PE and 8.88% turnover rate highlight its speculative nature. Traders must monitor the $0.76–$0.78 support zone and the $1.00 psychological level. The sector leader, ChargePoint (CHPT), is up 3.41% today, suggesting broader EV infrastructure optimism. For those with a high-risk appetite, the BLNK20260220C1 offers a leveraged bet on a $1.00 breakout. If the stock fails to hold $0.76, consider shorting via the BLNK20260220P1 put. Act now—volatility is fleeting.