Someone with a lot of money to spend has taken a bearish stance on Enphase Energy (NASDAQ: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.
Enphase Energy Inc (NASDAQ: ENPH) shares are trading higher Monday amid a report that President Biden will issue a proclamation allowing the import of solar panels from four Southeast Asian countries without tariffs for 24 months.
Someone with a lot of money to spend has taken a bearish stance on Enphase Energy (NASDAQ: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.
Enphase Energy's (NASDAQ:ENPH) short percent of float has risen 6.9% since its last report. The company recently reported that it has 4.08 million shares sold short, which is 3.1% of all regular shares that are available for trading.
Enphase Energy (NASDAQ:ENPH) has outperformed the market over the past 10 years by 24.22% on an annualized basis producing an average annual return of 35.58%. Currently, Enphase Energy has a market capitalization of $22.10 billion.
U.S. indices finished Thursday's trading session lower. Worse-than-expected retail earnings and anticipation of further Federal Reserve policy tightening in 2022 have continued to weigh on stocks across sectors.
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 (NASDAQ:ENPH) we detected 29 strange trades.