27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bullish stance on Enphase Energy (NASDAQ:ENPH).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENPH, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $149,030, and 3 are calls, for a total amount of $85,735.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $180.0 for Enphase Energy, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Enphase Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Enphase Energy's significant trades, within a strike price range of $70.0 to $180.0, over the past month.
Enphase Energy Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | PUT | SWEEP | BULLISH | 01/19/24 | $100.00 | $34.7K | 1.8K | 61 |
| ENPH | PUT | TRADE | BULLISH | 12/15/23 | $100.00 | $31.0K | 4.6K | 445 |
| ENPH | PUT | SWEEP | BEARISH | 05/17/24 | $80.00 | $30.2K | 497 | 40 |
| ENPH | CALL | SWEEP | BULLISH | 01/19/24 | $70.00 | $29.5K | 2.3K | 0 |
| ENPH | CALL | TRADE | BEARISH | 09/20/24 | $85.00 | $29.0K | 91 | 0 |
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.
In light of the recent options history for Enphase Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Enphase Energy
- Trading volume stands at 1,803,257, with ENPH's price down by -0.8%, positioned at $102.72.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 56 days.
Professional Analyst Ratings for Enphase Energy
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $105.5.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Enphase Energy, targeting a price of $97.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Enphase Energy, targeting a price of $94.
- In a cautious move, an analyst from Roth MKM downgraded its rating to Buy, setting a price target of $100.
- Reflecting concerns, an analyst from Mizuho lowers its rating to Buy with a new price target of $131.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Enphase Energy with Benzinga Pro for real-time alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
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