Benzinga | Dec 10, 2021 02:01PM EST

Enphase Energy Whale Trades Spotted

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 15 strange trades.

If we consider the specifics of each trade, it is accurate to state that 33.33% of the investors opened trades with bullish expectations and 66.67% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $980,470.00 and 3, calls, for a total amount of $144,770.00.

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 $160.0 to $240.0 for Enphase Energy over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $160.0 to $240.0 in the last 30 days.

Enphase Energy Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestENPH PUT TRADE BEARISH 12/10/ $235.00 $328.8K 228 180 21ENPH PUT SWEEP BULLISH 01/20/ $160.00 $115.0K 728 100 23ENPH PUT SWEEP BEARISH 06/17/ $200.00 $103.2K 63 97 22ENPH CALL SWEEP BEARISH 12/31/ $220.00 $74.4K 9 68 21ENPH PUT TRADE BEARISH 12/10/ $230.00 $72.1K 315 176 21

Where Is Enphase Energy Standing Right Now?

* With a volume of 936,937.00, the price of ENPH is down -0.51% at $215.24.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 60 days.

What The Experts Say On Enphase Energy:

* Susquehanna has decided to maintain their Positive rating on Enphase Energy, which currently sits at a price target of $290.0.

* Citigroup has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $315.0.

* Needham has decided to maintain their Buy rating on Enphase Energy, which currently sits at a price target of $266.0.

* Wells Fargo downgraded its action to Overweight with a price target of $313.0

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.