Whales with a lot of money to spend have taken a noticeably bullish stance on Enphase Energy.
Looking at options history for Enphase Energy ENPH we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $307,246 and 5, calls, for a total amount of $196,947.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $340.0 for Enphase Energy over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 515.77 with a total volume of 932.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Enphase Energy's big money trades within a strike price range of $85.0 to $340.0 over the last 30 days.
Enphase Energy 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | CALL | SWEEP | BULLISH | 02/16/24 | $110.00 | $68.2K | 1.5K | 194 |
| ENPH | PUT | TRADE | BEARISH | 02/16/24 | $97.00 | $54.1K | 1.1K | 10 |
| ENPH | PUT | TRADE | BEARISH | 02/09/24 | $112.00 | $39.8K | 80 | 4 |
| ENPH | PUT | SWEEP | BULLISH | 02/09/24 | $109.00 | $37.7K | 668 | 33 |
| ENPH | CALL | TRADE | BEARISH | 01/16/26 | $100.00 | $36.0K | 178 | 10 |
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.
Following our analysis of the options activities associated with Enphase Energy, we pivot to a closer look at the company's own performance.
Current Position of Enphase Energy
- With a trading volume of 1,449,231, the price of ENPH is down by -0.69%, reaching $97.13.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 0 days from now.
Professional Analyst Ratings for Enphase Energy
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $137.0.
- Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Enphase Energy, targeting a price of $140.
- In a cautious move, an analyst from Canaccord Genuity downgraded its rating to Buy, setting a price target of $142.
- An analyst from Truist Securities has elevated its stance to Buy, setting a new price target at $145.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Enphase Energy, targeting a price of $117.
- An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $141.
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.
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