Looking At Enphase Energy's Recent Unusual Options Activity

Looking At Enphase Energy's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Enphase Energy.

Looking at options history for Enphase Energy ENPH we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $242,298 and 9, calls, for a total amount of $495,062.

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 $275.0 to $450.0 for Enphase Energy over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Enphase Energy's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enphase Energy's whale activity within a strike price range from $275.0 to $450.0 in 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 SWEEP BULLISH 01/20/23 $300.00 $208.0K 1.6K 60
ENPH PUT TRADE BULLISH 01/20/23 $400.00 $59.7K 31 0
ENPH CALL SWEEP BEARISH 12/16/22 $330.00 $57.8K 518 63
ENPH PUT SWEEP BULLISH 12/02/22 $310.00 $55.8K 15 33
ENPH PUT TRADE BEARISH 11/25/22 $320.00 $53.2K 19 61

Where Is Enphase Energy Standing Right Now?

  • With a volume of 1,669,933, the price of ENPH is up 2.42% at $305.14.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 84 days.

What The Experts Say On Enphase Energy:

  • Deutsche Bank downgraded its action to Buy with a price target of $330
  • Goldman Sachs has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $362.
  • Needham has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $335.
  • JP Morgan has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $289.
  • Truist Securities has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $290.

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