Smart Money Is Betting Big In ENPH Options

Investors with a lot of money to spend have taken a bearish stance on Enphase Energy 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 9 uncommon options trades for Enphase Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $399,740, and 5 are calls, for a total amount of $587,775.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $150.0 for Enphase Energy over the last 3 months.

Insights into Volume & Open Interest

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 $90.0 to $150.0, over the past month.

Enphase Energy Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

Enphase Energy's Current Market Status

• With a volume of 1,331,252, the price of ENPH is down -0.8% at $110.16.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 28 days.

Professional Analyst Ratings for Enphase Energy

1 market experts have recently issued ratings for this stock, with a consensus target price of $113.0.

• Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Enphase Energy with a target price of $113.

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.