Whales with a lot of money to spend have taken a noticeably bearish stance on Enphase Energy.
Looking at options history for Enphase Energy ENPH we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $151,495 and 8, calls, for a total amount of $277,148.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $200.0 for Enphase Energy during the past quarter.
Volume & Open Interest Development
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 $90.0 to $200.0 in the last 30 days.
Enphase Energy 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | PUT | SWEEP | BEARISH | 06/21/24 | $125.00 | $105.4K | 633 | 39 |
| ENPH | CALL | TRADE | BEARISH | 05/17/24 | $140.00 | $47.2K | 415 | 50 |
| ENPH | PUT | TRADE | BEARISH | 06/21/24 | $200.00 | $46.0K | 0 | 0 |
| ENPH | CALL | TRADE | NEUTRAL | 01/19/24 | $120.00 | $39.0K | 2.0K | 24 |
| ENPH | CALL | SWEEP | BEARISH | 01/19/24 | $110.00 | $36.3K | 2.2K | 158 |
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.
Having examined the options trading patterns of Enphase Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Enphase Energy
- Trading volume stands at 703,762, with ENPH's price down by -1.27%, positioned at $107.49.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 63 days.
Expert Opinions on Enphase Energy
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $108.33333333333333.
- An analyst from Roth MKM has revised its rating downward to Buy, adjusting the price target to $100.
- In a cautious move, an analyst from Mizuho downgraded its rating to Buy, setting a price target of $131.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Enphase Energy, targeting a price of $94.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Enphase Energy options trades with real-time alerts from Benzinga Pro.
© 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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