Enphase Energy's Options: A Look at What the Big Money is Thinking

Financial giants have made a conspicuous bullish move on Enphase Energy. Our analysis of options history for Enphase Energy ENPH revealed 19 unusual trades.

Delving into the details, we found 73% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $501,796, and 8 were calls, valued at $415,697.

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 $100.0 to $180.0 for Enphase Energy over the last 3 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 $100.0 to $180.0, over the past month.

Enphase Energy Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with Enphase Energy, we pivot to a closer look at the company's own performance.

Present Market Standing of Enphase Energy

• Currently trading with a volume of 1,468,540, the ENPH's price is up by 1.7%, now at $127.22.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 48 days.

Expert Opinions on Enphase Energy

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $120.8.

• Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Enphase Energy with a target price of $115.
• An analyst from BMO Capital persists with their Market Perform rating on Enphase Energy, maintaining a target price of $110.
• An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $140.
• Showing optimism, an analyst from Oppenheimer upgrades its rating to Outperform with a revised price target of $133.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Enphase Energy, targeting a price of $106.

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.