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Mixed options sentiment in Enphase Energy with shares up 0.29%

Mixed options sentiment in Enphase Energy (ENPH), with shares up 12c, or 0.29%, near $39.15. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 1.04. Implied volatility (IV30) dropped 0.71 near 82.25,in the top quartile of the past year, suggesting an expected daily move of $2.03. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at JPMorgan.Looking ahead: Enphase Energy (ENPH) will report earnings after the close on 2025-07-22.Option markets are pricing in a 50% probability of a move greater than 12.26% or $4.80.

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