Investors with a lot of money to spend have taken a bearish stance on Enphase Energy ENPH.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENPH, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 17% bullish and 82%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $225,209, and 14 are calls, for a total amount of $666,928.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $170.0 for Enphase Energy over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Enphase Energy's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enphase Energy's whale activity within a strike price range from $60.0 to $170.0 in the last 30 days.
Enphase Energy Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | CALL | SWEEP | BEARISH | 01/19/24 | $90.00 | $138.2K | 1.1K | 127 |
| ENPH | PUT | SWEEP | BEARISH | 09/20/24 | $145.00 | $103.8K | 0 | 0 |
| ENPH | PUT | SWEEP | NEUTRAL | 01/19/24 | $170.00 | $82.1K | 1.1K | 87 |
| ENPH | CALL | SWEEP | BEARISH | 01/19/24 | $90.00 | $72.1K | 1.1K | 86 |
| ENPH | CALL | TRADE | BEARISH | 01/19/24 | $90.00 | $61.9K | 1.1K | 56 |
About Enphase Energy
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.
After a thorough review of the options trading surrounding Enphase Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Enphase Energy
- Trading volume stands at 362,274, with ENPH's price down by -0.16%, positioned at $123.72.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 50 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Enphase Energy, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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