Check Out What Whales Are Doing With ENPH

Check Out What Whales Are Doing With ENPH

Someone with a lot of money to spend has taken a bullish stance on Enphase Energy ENPH.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 32 uncommon options trades for Enphase Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $284,785, and 26 are calls, for a total amount of $1,218,898.

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 $50.0 to $400.0 for Enphase Energy over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Enphase Energy options trades today is 469.29 with a total volume of 1,130.00.

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 $50.0 to $400.0 over the last 30 days.

Enphase Energy Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ENPH CALL TRADE BEARISH 11/18/22 $320.00 $142.5K 225 57
ENPH CALL TRADE BULLISH 11/18/22 $230.00 $142.0K 194 20
ENPH PUT TRADE BEARISH 11/18/22 $250.00 $84.3K 67 30
ENPH CALL SWEEP BULLISH 08/26/22 $230.00 $72.6K 63 26
ENPH CALL TRADE BULLISH 01/20/23 $300.00 $63.0K 1.3K 11

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ENPH CALL TRADE BEARISH 11/18/22 $320.00 $142.5K 225 57
ENPH CALL TRADE BULLISH 11/18/22 $230.00 $142.0K 194 20
ENPH PUT TRADE BEARISH 11/18/22 $250.00 $84.3K 67 30
ENPH CALL SWEEP BULLISH 08/26/22 $230.00 $72.6K 63 26
ENPH CALL TRADE BULLISH 01/20/23 $300.00 $63.0K 1.3K 11

Where Is Enphase Energy Standing Right Now?

  • With a volume of 1,254,891, the price of ENPH is up 3.9% at $284.86.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 88 days.

What The Experts Say On Enphase Energy:

  • Credit Suisse upgraded its action to Outperform with a price target of $281
  • JP Morgan has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $247.
  • Goldman Sachs has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $290.
  • Piper Sandler has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $230.
  • Truist Securities has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $235.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Enphase Energy, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets