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Apr 21, 2024 1:28 PM

ENPH Enphase Energy Options Ahead of Earnings Short

Enphase Energy, Inc.NASDAQ

Description

If you haven`t sold ENPH before the previous earnings:


Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 110usd strike price in the money Puts with
an expiration date of 2024-9-20,
for a premium of approximately $16.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached

ENPH reached $99.10 after earnings.
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