Financial giants have made a conspicuous bullish move on Enphase Energy. Our analysis of options history for Enphase Energy ENPH revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $108,595, and 6 were calls, valued at $246,545.
Predicted Price Range
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 $175.0 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 $90.0 to $175.0 in the last 30 days.
Enphase Energy Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | CALL | TRADE | BEARISH | 07/19/24 | $135.00 | $61.8K | 232 | 31 |
| ENPH | PUT | SWEEP | BULLISH | 09/20/24 | $90.00 | $59.2K | 210 | 105 |
| ENPH | PUT | TRADE | BULLISH | 09/20/24 | $140.00 | $49.3K | 288 | 19 |
| ENPH | CALL | SWEEP | BEARISH | 03/15/24 | $130.00 | $46.2K | 3.4K | 114 |
| ENPH | CALL | SWEEP | BULLISH | 12/20/24 | $175.00 | $36.6K | 26 | 21 |
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 593,032, with ENPH's price up by 1.79%, positioned at $132.01.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 46 days.
What The Experts Say On Enphase Energy
In the last month, 2 experts released ratings on this stock with an average target price of $127.5.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $140.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Enphase Energy, which currently sits at a price target of $115.
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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