Buying ENPH call contracts.
Enphase Energy (ENPH) provides solutions for solar power generation, storage and transportation. The company operates in the United States and focuses on rooftop installations.
Solar energy was one of the very few positive areas of the market last quarter. This outperformance should continue as the world works hard to diversify its sources of energy.
ENPH is a profitable company with strong growth. That makes the stock much more likely to succeed in this market as investors demand real results (not just future expectations).
Shares are breaking higher today due in part to concerns over China’s dominance of the area — and the need for U.S. firms that can supply our domestic needs.
- Buy (to open) 2 ENPH August 19th $170 Calls
- Limit $52 or less
- The new position will represent roughly 8.8% of our Spec Model capital
- 10:23 Executed
- Bot 2 ENPH Aug 19th $170 Calls @ $46.50