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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 (NASDAQ:ENPH) we detected 14 strange trades.
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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, 5 are puts, for a total amount of $242,298 and 9, calls, for a total amount of $495,062.
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 $275.0 to $450.0 for Enphase Energy over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $275.0 to $450.0 in the last 30 days.
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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 | CALL | SWEEP | BULLISH | 01/20/23 | $300.00 | $208.0K | 1.6K | 60 |
| ENPH | PUT | TRADE | BULLISH | 01/20/23 | $400.00 | $59.7K | 31 | 0 |
| ENPH | CALL | SWEEP | BEARISH | 12/16/22 | $330.00 | $57.8K | 518 | 63 |
| ENPH | PUT | SWEEP | BULLISH | 12/02/22 | $310.00 | $55.8K | 15 | 33 |
| ENPH | PUT | TRADE | BEARISH | 11/25/22 | $320.00 | $53.2K | 19 | 61 |
Where Is Enphase Energy Standing Right Now?
- With a volume of 1,669,933, the price of ENPH is up 2.42% at $305.14.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 84 days.
What The Experts Say On Enphase Energy:
- Deutsche Bank downgraded its action to Buy with a price target of $330
- Goldman Sachs has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $362.
- Needham has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $335.
- JP Morgan has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $289.
- Truist Securities has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $290.
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.