Whales with a lot of money to spend have taken a noticeably bullish stance on Enovix.
Looking at options history for Enovix ENVX we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $374,373 and 3, calls, for a total amount of $114,458.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $15.0 for Enovix over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Enovix's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Enovix's significant trades, within a strike price range of $12.0 to $15.0, over the past month.
Enovix Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENVX | PUT | SWEEP | BULLISH | 09/20/24 | $3.7 | $3.6 | $3.6 | $13.00 | $108.0K | 0 | 300 |
| ENVX | PUT | SWEEP | BULLISH | 09/20/24 | $5.25 | $5.15 | $5.15 | $15.00 | $93.2K | 0 | 182 |
| ENVX | PUT | SWEEP | BULLISH | 01/17/25 | $5.4 | $5.25 | $5.25 | $14.00 | $74.5K | 0 | 142 |
| ENVX | CALL | SWEEP | BEARISH | 09/20/24 | $1.2 | $1.08 | $1.09 | $14.00 | $49.2K | 991 | 501 |
| ENVX | CALL | SWEEP | BEARISH | 01/16/26 | $4.4 | $3.85 | $3.87 | $15.00 | $35.6K | 9.6K | 100 |
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.
Where Is Enovix Standing Right Now?
- With a trading volume of 1,709,402, the price of ENVX is down by -2.41%, reaching $10.51.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 47 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Enovix options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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