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ericflushboys
Dec 14, 2022 2:40 AM

ENPH 01/20 300P Short

Enphase Energy, Inc.NASDAQ

Description

Bought put when stock pops up to 330 level. solar sector benefits when oil expensive, but oil is droping, and help CPI move down to 7.1%.
If FOMC statement is ture, oil will drop hardly in 2023 to help 2% CPI goal.
ENPH monthly chart is developing a possible doji star at the upper level trendline. So I short it
Risk: the powell speak can change the short term trend.

Comment

let the winner ride, still have half position, risk free now. target 290

Comment

next target 283
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