Whales with a lot of money to spend have taken a noticeably bearish stance on Enovix.
Looking at options history for Enovix ENVX we detected 34 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $85,984 and 32, calls, for a total amount of $1,994,452.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $8.0 and $34.0 for Enovix, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Enovix options trades today is 6684.22 with a total volume of 23,748.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Enovix's big money trades within a strike price range of $8.0 to $34.0 over the last 30 days.
Enovix Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENVX | CALL | TRADE | BEARISH | 01/17/25 | $6.0 | $5.75 | $5.75 | $15.00 | $266.8K | 15.9K | 11 |
| ENVX | CALL | SWEEP | BULLISH | 01/17/25 | $4.05 | $3.95 | $4.05 | $20.00 | $162.0K | 50.0K | 307 |
| ENVX | CALL | TRADE | NEUTRAL | 01/17/25 | $6.0 | $5.65 | $5.8 | $15.00 | $161.2K | 15.9K | 11 |
| ENVX | CALL | SWEEP | BEARISH | 01/16/26 | $7.15 | $7.1 | $7.1 | $20.00 | $134.1K | 10.4K | 215 |
| ENVX | CALL | SWEEP | BULLISH | 07/12/24 | $1.29 | $1.2 | $1.2 | $17.00 | $108.7K | 7.0K | 4.4K |
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.
In light of the recent options history for Enovix, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Enovix
- With a volume of 6,446,473, the price of ENVX is up 2.03% at $18.12.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 12 days.
Expert Opinions on Enovix
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.0.
- An analyst from Canaccord Genuity has decided to maintain their Buy rating on Enovix, which currently sits at a price target of $17.
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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