What the Options Market Tells Us About Enphase Energy

Deep-pocketed investors have adopted a bearish approach towards Enphase Energy ENPH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ENPH usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Enphase Energy. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 55% bearish. Among these notable options, 7 are puts, totaling $217,938, and 2 are calls, amounting to $78,201.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $115.0 for Enphase Energy over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 276.71 with a total volume of 455.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Enphase Energy's big money trades within a strike price range of $75.0 to $115.0 over the last 30 days.

Enphase Energy 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ENPH CALL TRADE BULLISH 07/19/24 $16.5 $16.2 $16.5 $100.00 $49.5K 216 1
ENPH PUT TRADE BULLISH 05/31/24 $5.45 $5.35 $5.35 $110.00 $42.2K 76 192
ENPH PUT SWEEP BEARISH 01/17/25 $22.5 $22.3 $22.45 $115.00 $33.6K 990 15
ENPH PUT SWEEP NEUTRAL 01/16/26 $30.0 $27.0 $28.57 $110.00 $31.3K 357 0
ENPH PUT TRADE BEARISH 01/16/26 $29.5 $28.25 $29.5 $110.00 $29.5K 357 31

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

Current Position of Enphase Energy

  • Currently trading with a volume of 1,668,018, the ENPH's price is down by -2.15%, now at $109.94.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 77 days.

Expert Opinions on Enphase Energy

5 market experts have recently issued ratings for this stock, with a consensus target price of $136.4.

  • An analyst from Mizuho has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $148.
  • An analyst from Barclays upgraded its action to Overweight with a price target of $134.
  • Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Enphase Energy with a target price of $130.
  • Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Enphase Energy, targeting a price of $130.
  • Reflecting concerns, an analyst from Roth MKM lowers its rating to Buy with a new 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.

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Posted In: OptionsMarketsBZI-UOA
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