Unpacking the Latest Options Trading Trends in Enphase Energy

Investors with a lot of money to spend have taken a bullish 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 12 uncommon options trades for Enphase Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $330,536, and 6 are calls, for a total amount of $259,376.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $280.0 for Enphase Energy during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $100.0 to $280.0 in the last 30 days.

Enphase Energy Call and Put Volume: 30-Day Overview

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.

In light of the recent options history for Enphase Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Enphase Energy's Current Market Status

• With a trading volume of 1,391,510, the price of ENPH is up by 0.69%, reaching $119.0.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 57 days from now.

Expert Opinions on Enphase Energy

In the last month, 5 experts released ratings on this stock with an average target price of $126.8.

• An analyst from Oppenheimer has elevated its stance to Outperform, setting a new price target at $133.
• An analyst from Barclays has decided to maintain their Equal-Weight rating on Enphase Energy, which currently sits at a price target of $115.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $140.
• Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Enphase Energy, targeting a price of $140.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Enphase Energy, targeting a price of $106.

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.