Enphase Energy Unusual Options Activity For October 18
Portfolio Pulse from Benzinga Insights
Enphase Energy (NASDAQ:ENPH) has seen unusual options activity, with a significant bearish sentiment among large investors. The options trades include 4 puts and 5 calls, with a total trade value of $1,351,001. The projected price range for ENPH is $70 to $120. The stock is currently down 0.69% at $90.94, and RSI indicators suggest it may be oversold. The next earnings report is expected in 4 days.
October 18, 2024 | 4:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enphase Energy has experienced unusual options activity with a bearish sentiment, indicating potential short-term price volatility. The stock is currently down 0.69% and may be oversold according to RSI indicators. Earnings are due in 4 days.
The unusual options activity with a 66% bearish sentiment suggests that large investors expect a decline in ENPH's stock price. The current price drop and oversold RSI indicators support this bearish outlook. Upcoming earnings could further impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100