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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.…

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 22 strange trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $813,237 and 9, calls, for a total amount of $352,009.

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 $175.0 to $320.0 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 434.16 with a total volume of 3,221.00.

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 $175.0 to $320.0 over the last 30 days.

Enphase Energy Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ENPH PUT SWEEP BEARISH 03/17/23 $230.00 $207.6K 615 134
ENPH PUT SWEEP BEARISH 01/19/24 $180.00 $113.1K 2.2K 49
ENPH CALL TRADE BEARISH 09/15/23 $260.00 $80.4K 139 0
ENPH CALL TRADE BULLISH 01/17/25 $220.00 $74.1K 130 15
ENPH PUT SWEEP BULLISH 03/17/23 $230.00 $70.0K 615 84

Where Is Enphase Energy Standing Right Now?

  • With a volume of 1,886,229, the price of ENPH is up 0.95% at $213.54.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 42 days.

What The Experts Say On Enphase Energy:

  • Janney Montgomery Scott upgraded its action to Buy with a price target of $282
  • Scotiabank downgraded its action to Sector Outperform with a price target of $300
  • Citigroup has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $285.

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.

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