tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Mixed options sentiment in Enphase Energy with shares up 7.11%

Mixed options sentiment in Enphase Energy (ENPH), with shares up $2.82, or 7.11%, near $42.48. Options volume running well above average with 61k contracts traded and puts leading calls for a put/call ratio of 1.23, compared to a typical level near 0.99. Implied volatility (IV30) dropped 1.35 near 80.44,in the top quartile of the past year, suggesting an expected daily move of $2.15. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at JPMorgan.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 14.05% or $5.97.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1