Deep-pocketed investors have adopted a bullish approach towards Enovix ENVX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ENVX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Enovix. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $151,741, and 5 are calls, amounting to $233,570.
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 $5.0 to $14.0 for Enovix during the past quarter.
Analyzing Volume & Open Interest
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 Enovix'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 Enovix's whale trades within a strike price range from $5.0 to $14.0 in the last 30 days.
Enovix 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENVX | PUT | TRADE | BEARISH | 01/16/26 | $2.0 | $1.94 | $1.98 | $5.00 | $99.0K | 8.6K | 0 |
| ENVX | CALL | SWEEP | BULLISH | 01/16/26 | $3.7 | $3.5 | $3.7 | $5.00 | $55.5K | 552 | 616 |
| ENVX | CALL | SWEEP | BULLISH | 01/16/26 | $3.7 | $3.5 | $3.7 | $5.00 | $55.5K | 552 | 466 |
| ENVX | CALL | SWEEP | NEUTRAL | 01/16/26 | $3.7 | $3.5 | $3.7 | $5.00 | $55.5K | 552 | 166 |
| ENVX | CALL | SWEEP | BULLISH | 10/18/24 | $0.38 | $0.33 | $0.38 | $14.00 | $41.8K | 3.6K | 1.5K |
About Enovix
Enovix Corp is engaged in the business of advanced silicon-anode lithium-ion battery development and production. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable the widespread utilization of renewable energy.
Having examined the options trading patterns of Enovix, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Enovix's Current Market Status
- Trading volume stands at 5,759,337, with ENVX's price down by -5.13%, positioned at $6.29.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 13 days.
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 Enovix, 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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