A Closer Look at Enphase Energy's Options Market Dynamics

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 49 uncommon options trades for Enphase Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 21 are puts, for a total amount of $935,622, and 28 are calls, for a total amount of $1,580,690.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $190.0 for Enphase Energy over the recent three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Enphase Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Enphase Energy's significant trades, within a strike price range of $90.0 to $190.0, over the past month.

Enphase Energy Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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

• Currently trading with a volume of 3,439,093, the ENPH's price is up by 2.8%, now at $135.3.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 68 days.

Professional Analyst Ratings for Enphase Energy

In the last month, 5 experts released ratings on this stock with an average target price of $120.8.

• An analyst from BMO Capital has decided to maintain their Market Perform rating on Enphase Energy, which currently sits at a price target of $110.
• An analyst from Barclays persists with their Equal-Weight rating on Enphase Energy, maintaining a target price of $115.
• Showing optimism, an analyst from Oppenheimer upgrades its rating to Outperform with a revised price target of $133.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Enphase Energy with a target price of $106.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $140.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Enphase Energy with Benzinga Pro for real-time alerts.