Deep-pocketed investors have adopted a bullish approach towards Enphase Energy ENPH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ENPH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Enphase Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 4 are puts, totaling $862,035, and 6 are calls, amounting to $237,604.
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 $50.0 and $115.0 for Enphase Energy, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 748.89 with a total volume of 1,178.00.
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 $50.0 to $115.0 over the last 30 days.
Enphase Energy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | PUT | TRADE | BULLISH | 08/16/24 | $85.00 | $564.0K | 506 | 600 |
| ENPH | PUT | TRADE | BEARISH | 01/17/25 | $115.00 | $180.0K | 497 | 90 |
| ENPH | PUT | TRADE | BULLISH | 01/17/25 | $115.00 | $89.1K | 497 | 30 |
| ENPH | CALL | TRADE | BEARISH | 02/02/24 | $115.00 | $80.0K | 1.8K | 400 |
| ENPH | CALL | TRADE | BEARISH | 02/16/24 | $110.00 | $39.5K | 1.3K | 15 |
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.
Current Position of Enphase Energy
- Trading volume stands at 1,791,095, with ENPH's price up by 0.81%, positioned at $108.94.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 12 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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