20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Investors with a lot of money to spend have taken a bearish 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 15 uncommon options trades for Enphase Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $423,447, and 10 are calls, for a total amount of $481,641.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $220.0 for Enphase Energy over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Enphase Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Enphase Energy's substantial trades, within a strike price spectrum from $50.0 to $220.0 over the preceding 30 days.
Enphase Energy Option Activity Analysis: 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 | PUT | SWEEP | BULLISH | 05/17/24 | $47.3 | $45.9 | $46.4 | $160.00 | $204.1K | 149 | 140 |
| ENPH | PUT | TRADE | BEARISH | 05/17/24 | $48.0 | $46.95 | $48.0 | $160.00 | $120.0K | 149 | 40 |
| ENPH | CALL | SWEEP | BULLISH | 09/20/24 | $4.0 | $3.85 | $4.0 | $190.00 | $106.0K | 43 | 266 |
| ENPH | CALL | TRADE | BEARISH | 06/21/24 | $14.6 | $14.55 | $14.55 | $115.00 | $96.0K | 610 | 66 |
| ENPH | CALL | TRADE | BEARISH | 01/16/26 | $24.0 | $22.5 | $22.5 | $185.00 | $45.0K | 370 | 20 |
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.
Having examined the options trading patterns of Enphase Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Enphase Energy Standing Right Now?
- With a trading volume of 1,508,066, the price of ENPH is down by -2.54%, reaching $115.28.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 21 days from now.
What Analysts Are Saying About Enphase Energy
In the last month, 1 experts released ratings on this stock with an average target price of $113.0.
- An analyst from Piper Sandler has decided to maintain their Neutral rating on Enphase Energy, which currently sits at a price target of $113.
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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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