Investors with a lot of money to spend have taken a bullish stance on Enovix (NASDAQ:ENVX).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ENVX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Enovix.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,126, and 11, calls, for a total amount of $494,386.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3.0 to $15.0 for Enovix over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Enovix's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Enovix's whale trades within a strike price range from $3.0 to $15.0 in the last 30 days.
Enovix Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ENVX | CALL | TRADE | BULLISH | 04/17/25 | $2.6 | $2.5 | $2.6 | $10.00 | $130.0K | 324500 | |
| ENVX | CALL | SWEEP | BULLISH | 04/17/25 | $2.84 | $2.76 | $2.84 | $10.00 | $73.6K | 3241.0K | |
| ENVX | CALL | TRADE | BULLISH | 10/25/24 | $0.39 | $0.35 | $0.39 | $12.00 | $39.0K | 2251.0K | |
| ENVX | CALL | TRADE | BULLISH | 04/17/25 | $7.75 | $6.9 | $7.53 | $3.00 | $37.6K | 45100 | |
| ENVX | CALL | TRADE | BULLISH | 01/15/27 | $7.45 | $7.05 | $7.29 | $3.00 | $36.4K | 953 |
About Enovix
Enovix Corp is engaged in the business of advanced silicon-anode lithium-ion battery development and production. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable the widespread utilization of renewable energy.
Current Position of Enovix
- Currently trading with a volume of 8,574,382, the ENVX's price is up by 6.06%, now at $9.1.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 34 days.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.