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.
Financial giants have made a conspicuous bearish move on Enphase Energy. Our analysis of options history for Enphase Energy (NASDAQ:ENPH) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $637,075, and 4 were calls, valued at $188,700.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $145.0 for Enphase Energy, spanning the last three months.
Volume & Open Interest Trends
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 $80.0 to $145.0 in the last 30 days.
Enphase Energy 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENPH | PUT | TRADE | BULLISH | 01/16/26 | $32.2 | $31.55 | $31.6 | $110.00 | $316.0K | 282 | 0 |
| ENPH | PUT | TRADE | BEARISH | 08/16/24 | $6.3 | $6.1 | $6.29 | $85.00 | $251.6K | 1.1K | 8 |
| ENPH | CALL | SWEEP | BEARISH | 07/19/24 | $16.1 | $16.05 | $16.05 | $110.00 | $96.3K | 317 | 62 |
| ENPH | PUT | TRADE | NEUTRAL | 05/17/24 | $25.15 | $22.7 | $23.8 | $130.00 | $38.0K | 627 | 8 |
| ENPH | CALL | TRADE | BEARISH | 04/19/24 | $2.52 | $2.29 | $2.33 | $113.00 | $37.2K | 306 | 178 |
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.
Current Position of Enphase Energy
- With a trading volume of 1,570,915, the price of ENPH is down by -1.78%, reaching $110.47.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 7 days from now.
What Analysts Are Saying About Enphase Energy
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $130.5.
- Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $121.
- An analyst from Susquehanna has decided to maintain their Positive rating on Enphase Energy, which currently sits at a price target of $140.
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.
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.
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