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Looking At Enphase Energy's Recent Unusual Options Activity

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

Looking at options history for Enphase Energy ENPH we detected 26 strange trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $908,583 and 16, calls, for a total amount of $912,192.

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 $130.0 to $350.0 for Enphase Energy over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Enphase Energy’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enphase Energy’s whale trades within a strike price range from $130.0 to $350.0 in 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 SWEEP BEARISH 02/17/23 $260.00 $289.5K 141 100
ENPH PUT SWEEP BULLISH 11/18/22 $280.00 $169.8K 785 25
ENPH PUT SWEEP BEARISH 12/16/22 $260.00 $146.4K 277 144
ENPH CALL SWEEP BULLISH 11/11/22 $280.00 $137.5K 426 229
ENPH CALL SWEEP NEUTRAL 11/18/22 $280.00 $109.3K 1.2K 173
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ENPH PUT SWEEP BEARISH 02/17/23 $260.00 $289.5K 141 100
ENPH PUT SWEEP BULLISH 11/18/22 $280.00 $169.8K 785 25
ENPH PUT SWEEP BEARISH 12/16/22 $260.00 $146.4K 277 144
ENPH CALL SWEEP BULLISH 11/11/22 $280.00 $137.5K 426 229
ENPH CALL SWEEP NEUTRAL 11/18/22 $280.00 $109.3K 1.2K 173

Where Is Enphase Energy Standing Right Now?

  • With a volume of 1,638,038, the price of ENPH is up 4.62% at $281.26.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 91 days.

What The Experts Say On Enphase Energy:

  • Piper Sandler has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $280.
  • Needham has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $335.
  • Barclays has decided to maintain their Equal-Weight rating on Enphase Energy, which currently sits at a price target of $311.
  • JP Morgan has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $289.
  • Wells Fargo has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $344.

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 Enphase Energy, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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