This Is What Whales Are Betting On Enphase Energy

Whales with a lot of money to spend have taken a noticeably bearish stance on Enphase Energy.

Looking at options history for Enphase Energy ENPH we detected 31 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $494,571 and 19, calls, for a total amount of $1,187,275.

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Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $350.0 for Enphase Energy over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Enphase Energy stands at 790.27, with a total volume reaching 7,185.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Enphase Energy, situated within the strike price corridor from $75.0 to $350.0, throughout the last 30 days.

Enphase Energy 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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

Enphase Energy's Current Market Status

• Trading volume stands at 4,138,523, with ENPH's price up by 5.6%, positioned at $98.06.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 78 days.

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.