Looking At Enphase Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Enphase Energy (NASDAQ:ENPH) has seen unusual options activity, with a large bearish position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 32% bullish and 67% bearish. Out of the special options, 27 are puts, for a total amount of $960,270, and 4 are calls, for a total amount of $345,438. Whales have been targeting a price range from $90.0 to $165.0 for Enphase Energy over the last 3 months. Goldman Sachs, Keybanc, and Truist Securities have all maintained their positive ratings on Enphase Energy.
August 29, 2023 | 7:46 pm
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Enphase Energy has seen unusual options activity, indicating potential volatility in the short term. The overall sentiment of big-money traders is more bearish than bullish.
The unusual options activity, particularly the large bearish position, indicates that there may be significant movement in the price of Enphase Energy's stock in the near future. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100