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.
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 $1,369,609 and 17, calls, for a total amount of $946,229.
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 $110.0 to $290.0 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 563.35 with a total volume of 4,026.00.
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 $110.0 to $290.0 over the last 30 days.
Enphase Energy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | PUT | SWEEP | BULLISH | 01/20/23 | $110.00 | $497.8K | 653 | 640 |
| ENPH | CALL | SWEEP | BEARISH | 01/20/23 | $290.00 | $222.4K | 86 | 224 |
| ENPH | PUT | TRADE | BULLISH | 01/20/23 | $110.00 | $190.2K | 653 | 804 |
| ENPH | PUT | TRADE | BULLISH | 01/20/23 | $110.00 | $167.4K | 653 | 209 |
| ENPH | CALL | TRADE | BULLISH | 01/19/24 | $125.00 | $110.4K | 42 | 16 |
Where Is Enphase Energy Standing Right Now?
- With a volume of 1,834,411, the price of ENPH is up 9.62% at $171.2.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Enphase Energy:
- Credit Suisse has decided to maintain their Neutral rating on Enphase Energy, which currently sits at a price target of $174.
- B. Riley Securities has decided to maintain their Neutral rating on Enphase Energy, which currently sits at a price target of $171.
- Truist Securities downgraded its action to Buy with a price target of $205
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.
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