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 positions 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.
Today, Benzinga's options scanner spotted 10 options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $69,550, and 9, calls, for a total amount of $482,823.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $170.0 for Enphase Energy, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $80.0 to $170.0 in the last 30 days.
Enphase Energy 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENPH | CALL | TRADE | BULLISH | 11/15/24 | $22.0 | $21.0 | $22.0 | $90.00 | $99.0K | 249 | 45 |
| ENPH | CALL | TRADE | BEARISH | 11/01/24 | $13.5 | $12.45 | $12.77 | $100.00 | $79.1K | 0 | 80 |
| ENPH | PUT | TRADE | NEUTRAL | 10/25/24 | $29.0 | $26.6 | $27.82 | $135.00 | $69.5K | 0 | 0 |
| ENPH | CALL | SWEEP | NEUTRAL | 11/15/24 | $21.9 | $21.2 | $21.6 | $90.00 | $64.7K | 249 | 75 |
| ENPH | CALL | TRADE | BULLISH | 12/20/24 | $21.0 | $21.0 | $21.0 | $95.00 | $52.5K | 86 | 0 |
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.
Having examined the options trading patterns of Enphase Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Enphase Energy
- Currently trading with a volume of 917,790, the ENPH's price is down by -2.24%, now at $105.83.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 21 days.
What The Experts Say On Enphase Energy
2 market experts have recently issued ratings for this stock, with a consensus target price of $114.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from BMO Capital has decided to maintain their Market Perform rating on Enphase Energy, which currently sits at a price target of $114. * Reflecting concerns, an analyst from Jefferies lowers its rating to Hold with a new price target of $115.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Enphase Energy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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