Enphase Energy Options Trading: A Deep Dive into Market Sentiment

Enphase Energy, Inc. -2.17%

Enphase Energy, Inc.




Investors with a lot of money to spend have taken a bearish stance on Enphase Energy (NASDAQ:ENPH).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENPH, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 19 uncommon options trades for Enphase Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $587,767, and 11 are calls, for a total amount of $395,187.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $160.0 for Enphase Energy over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Enphase Energy stands at 617.82, with a total volume reaching 2,023.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Enphase Energy, situated within the strike price corridor from $75.0 to $160.0, throughout the last 30 days.

Enphase Energy Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ENPH PUT TRADE BULLISH 04/19/24 $105.00 $288.2K 116 259
ENPH CALL TRADE NEUTRAL 01/16/26 $160.00 $76.8K 143 30
ENPH PUT SWEEP BEARISH 02/02/24 $104.00 $73.0K 292 1.0K
ENPH PUT SWEEP BULLISH 12/20/24 $75.00 $54.5K 20 62
ENPH PUT SWEEP BEARISH 01/17/25 $130.00 $42.1K 926 11

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.

Following our analysis of the options activities associated with Enphase Energy, we pivot to a closer look at the company's own performance.

Enphase Energy's Current Market Status

  • Currently trading with a volume of 2,367,107, the ENPH's price is down by -1.53%, now at $107.5.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 7 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Enphase Energy with Benzinga Pro for real-time alerts.

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