Whales with a lot of money to spend have taken a noticeably bullish stance on Enphase Energy.
Looking at options history for Enphase Energy (NASDAQ:ENPH) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $236,670 and 5, calls, for a total amount of $297,836.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $300.0 for Enphase Energy during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $55.0 to $300.0 in the last 30 days.
Enphase Energy Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ENPH | CALL | SWEEP | BEARISH | 06/21/24 | $115.00 | $92.4K | 474 | 68 |
| ENPH | PUT | TRADE | BULLISH | 05/17/24 | $115.00 | $82.5K | 688 | 67 |
| ENPH | CALL | TRADE | BULLISH | 06/21/24 | $115.00 | $72.3K | 474 | 126 |
| ENPH | CALL | TRADE | BEARISH | 07/19/24 | $115.00 | $56.2K | 117 | 85 |
| ENPH | PUT | TRADE | BULLISH | 07/19/24 | $115.00 | $52.4K | 315 | 32 |
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.
Where Is Enphase Energy Standing Right Now?
- Currently trading with a volume of 1,996,485, the ENPH's price is down by -0.01%, now at $114.6.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 29 days.
What Analysts Are Saying About Enphase Energy
1 market experts have recently issued ratings for this stock, with a consensus target price of $113.0.
- An analyst from Piper Sandler has decided to maintain their Neutral rating on Enphase Energy, which currently sits at a price target of $113.
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.