Whales with a lot of money to spend have taken a noticeably bullish stance on Enphase Energy.
Looking at options history for Enphase Energy ENPH we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $513,840 and 5, calls, for a total amount of $246,402.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $150.0 for Enphase Energy, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $80.0 to $150.0 in the last 30 days.
Enphase Energy 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | PUT | SWEEP | BULLISH | 02/16/24 | $150.00 | $260.0K | 15 | 50 |
| ENPH | PUT | TRADE | BULLISH | 06/21/24 | $90.00 | $125.6K | 1.1K | 102 |
| ENPH | CALL | TRADE | BULLISH | 01/17/25 | $140.00 | $73.4K | 1.6K | 62 |
| ENPH | CALL | SWEEP | BULLISH | 06/21/24 | $100.00 | $56.5K | 947 | 32 |
| ENPH | PUT | TRADE | BEARISH | 02/16/24 | $150.00 | $52.5K | 15 | 50 |
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.
After a thorough review of the options trading surrounding Enphase Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Enphase Energy's Current Market Status
- With a trading volume of 1,656,018, the price of ENPH is down by -1.7%, reaching $98.52.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 71 days from now.
Expert Opinions on Enphase Energy
In the last month, 4 experts released ratings on this stock with an average target price of $120.75.
- An analyst from Mizuho downgraded its action to Buy with a price target of $131.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Enphase Energy with a target price of $94.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Enphase Energy, targeting a price of $158.
- An analyst from Roth MKM has revised its rating downward to Buy, adjusting the price target to $100.
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.
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