Selling our ENPH call contracts.

Shares of ENPH broke sharply lower today.

The stock had been holding up well despite a premium valuation as investors embraced clean energy plays.

But expensive stocks are still vulnerable.

And ENPH could now have farther to fall.

Thankfully, our in-the-money call contracts still retained some premium thanks to higher volatility and the amount of time left until October expiration.

We’ll go ahead and sell today to protect our capital.

We will keep ENPH on our watch list as the stock may soon find support and give us a new opportunity for a bullish play.