Enphase Energy Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Enphase Energy ENPH.

And retail traders should know.

We noticed this today when the trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 15 uncommon options trades for Enphase Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $446,394, and 7 are calls, for a total amount of $257,340.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $80.0 for Enphase Energy over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 1476.36 with a total volume of 1,318.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Enphase Energy's big money trades within a strike price range of $55.0 to $80.0 over the last 30 days.

Enphase Energy Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Present Market Standing of Enphase Energy

• With a volume of 2,936,074, the price of ENPH is down -0.6% at $68.39.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 47 days.

Expert Opinions on Enphase Energy

In the last month, 3 experts released ratings on this stock with an average target price of $87.33333333333333.

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. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Enphase Energy, targeting a price of $70. * An analyst from RBC Capital has decided to maintain their Sector Perform rating on Enphase Energy, which currently sits at a price target of $71. * An analyst from Goldman Sachs persists with their Buy rating on Enphase Energy, maintaining a target price of $121.

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 Enphase Energy options trades with real-time alerts from Benzinga Pro.