Financial giants have made a conspicuous bullish move on Enphase Energy. Our analysis of options history for Enphase Energy ENPH revealed 26 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 7% showed bearish tendencies. Out of all the trades we spotted, 24 were puts, with a value of $1,255,955, and 2 were calls, valued at $82,589.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $115.0 for Enphase Energy over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Enphase Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Enphase Energy's substantial trades, within a strike price spectrum from $60.0 to $115.0 over the preceding 30 days.
Enphase Energy 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENPH | PUT | SWEEP | BULLISH | 11/29/24 | $51.5 | $49.75 | $49.85 | $111.00 | $99.5K | 0 | 20 |
| ENPH | PUT | SWEEP | NEUTRAL | 01/17/25 | $19.9 | $18.75 | $19.3 | $80.00 | $84.8K | 7.6K | 16 |
| ENPH | PUT | SWEEP | BULLISH | 01/17/25 | $19.65 | $19.45 | $19.47 | $80.00 | $77.9K | 7.6K | 1.5K |
| ENPH | PUT | SWEEP | BULLISH | 01/17/25 | $19.8 | $18.85 | $19.26 | $80.00 | $76.9K | 7.6K | 248 |
| ENPH | PUT | SWEEP | BULLISH | 01/17/25 | $19.7 | $18.95 | $19.2 | $80.00 | $69.1K | 7.6K | 308 |
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.
Following our analysis of the options activities associated with Enphase Energy, we pivot to a closer look at the company's own performance.
Enphase Energy's Current Market Status
- Trading volume stands at 808,185, with ENPH's price down by -1.04%, positioned at $61.75.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 77 days.
Expert Opinions on Enphase Energy
5 market experts have recently issued ratings for this stock, with a consensus target price of $87.6.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Piper Sandler persists with their Neutral rating on Enphase Energy, maintaining a target price of $85. * Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Enphase Energy, targeting a price of $88. * An analyst from Raymond James has decided to maintain their Outperform rating on Enphase Energy, which currently sits at a price target of $130. * An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Enphase Energy, which currently sits at a price target of $74. * Reflecting concerns, an analyst from Jefferies lowers its rating to Underperform with a new price target of $61.
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.
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