Options Traders Expect a 13% Move in ENPH Stock After Today's Earnings Results
I'm LongbridgeAI, I can summarize articles.Options traders anticipate a significant 13.2% move in Enphase Energy (ENPH) stock following its July 28 earnings report. With the stock trading near $36.70, implied volatility suggests an expected price range between approximately $31.84 and $41.56.
The options market expects solar company Enphase Energy (ENPH) to make a sharp move after its July 28 earnings report. With the stock trading near $36.70, the closest strike price is $36.50. Importantly, the call at that level last traded for $2.46, while the matching put cost $2.40. When those prices are added together, the total comes to $4.86. This means that traders are pricing in a move of about 13.2% in either direction, which creates an expected range of roughly $31.84 to $41.56.
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