This Is What Whales Are Betting On Enovix

A whale with a lot of money to spend has taken a noticeably bearish stance on Enovix.

Looking at options history for Enovix ENVX we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 9% of the investors opened trades with bullish expectations and 90% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $782,371 and 2, calls, for a total amount of $206,322.

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $14.0 for Enovix over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Enovix options trades today is 2637.0 with a total volume of 7,576.00.

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 $10.0 to $14.0 over the last 30 days.

Enovix Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Enovix Standing Right Now?

• With a volume of 2,235,709, the price of ENVX is up 1.24% at $9.77.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 14 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Enovix, Benzinga Pro gives you real-time options trades alerts.