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.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.