What the Options Market Tells Us About Enphase Energy


Investors with a lot of money to spend have taken a bullish 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 13 uncommon options trades for Enphase Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 38%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $319,274, and 6 are calls, for a total amount of $264,588.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $180.0 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 691.62 with a total volume of 2,751.00.

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 $100.0 to $180.0 over the last 30 days.

Enphase Energy 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ENPH CALL SWEEP BULLISH 01/17/25 $12.2 $12.1 $12.2 $130.00 $90.2K 2.0K 137
ENPH PUT TRADE NEUTRAL 01/16/26 $65.85 $61.95 $63.88 $160.00 $63.8K 31 1
ENPH PUT SWEEP BEARISH 01/17/25 $76.05 $75.6 $76.05 $180.00 $53.2K 261 3
ENPH PUT SWEEP BULLISH 07/19/24 $5.35 $5.2 $5.2 $105.00 $52.0K 1.3K 215
ENPH PUT SWEEP BEARISH 07/05/24 $1.4 $1.37 $1.4 $100.00 $47.7K 746 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.

Where Is Enphase Energy Standing Right Now?

  • Currently trading with a volume of 2,470,129, the ENPH's price is down by -1.23%, now at $105.36.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 31 days.

Expert Opinions on Enphase Energy

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $146.66666666666666.

  • An analyst from HSBC upgraded its action to Buy with a price target of $166.
  • Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Enphase Energy, targeting a price of $124.
  • Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Enphase Energy with a target price of $150.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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