Financial giants have made a conspicuous bullish move on Enphase Energy. Our analysis of options history for Enphase Energy ENPH revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $78,250, and 7 were calls, valued at $484,625.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $140.0 for Enphase Energy over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Enphase Energy stands at 1227.8, with a total volume reaching 2,585.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Enphase Energy, situated within the strike price corridor from $90.0 to $140.0, throughout 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENPH | CALL | SWEEP | BEARISH | 06/21/24 | $9.9 | $9.4 | $9.53 | $120.00 | $279.2K | 3.9K | 767 |
| ENPH | CALL | SWEEP | BULLISH | 06/21/24 | $4.35 | $4.2 | $4.35 | $132.00 | $44.3K | 657 | 3 |
| ENPH | CALL | SWEEP | BULLISH | 06/14/24 | $1.95 | $1.81 | $1.85 | $132.00 | $37.0K | 593 | 345 |
| ENPH | CALL | SWEEP | BULLISH | 06/21/24 | $3.85 | $3.8 | $3.85 | $132.00 | $34.2K | 657 | 251 |
| ENPH | CALL | SWEEP | BULLISH | 06/21/24 | $3.85 | $3.8 | $3.85 | $132.00 | $31.9K | 657 | 334 |
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.
After a thorough review of the options trading surrounding Enphase Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Enphase Energy
- Currently trading with a volume of 471,243, the ENPH's price is down by -1.06%, now at $129.29.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 44 days.
What The Experts Say On Enphase Energy
In the last month, 3 experts released ratings on this stock with an average target price of $120.60666666666667.
- Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for Enphase Energy, targeting a price of $150.
- In a cautious move, an analyst from GLJ Research downgraded its rating to Sell, setting a price target of $45.
- An analyst from HSBC has elevated its stance to Buy, setting a new price target at $166.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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