Check Out What Whales Are Doing With ENPH

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 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $324,157 and 2, calls, for a total amount of $74,827.

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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 $80.0 to $160.0 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 874.38 with a total volume of 499.00.

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 $80.0 to $160.0 over the last 30 days.

Enphase Energy Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Enphase Energy Standing Right Now?

• With a volume of 133,568, the price of ENPH is down -0.11% at $82.0.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 99 days.

What The Experts Say On Enphase Energy:

• Susquehanna has decided to maintain their Positive rating on Enphase Energy, which currently sits at a price target of $175.
• BMO Capital downgraded its action to Market Perform with a price target of $148
• Barclays has decided to maintain their Equal-Weight rating on Enphase Energy, which currently sits at a price target of $140.
• Keybanc has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $148.
• Piper Sandler has decided to maintain their Overweight rating on Enphase Energy, which currently sits at a price target of $150.

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.