We have a new signal to buy on black. This time it’s with Enphase Energy Inc. (Nasdaq: ENPH) call options.
Enphase makes home energy solutions that serve the solar energy industry.
This trade plays for a new rally in Enphase’s stock.
One look at ENPH’s chart uptrend tells us it is among investors’ favorite solar stocks.
We can capture a triple-digit gain by August as Enphase climbs to test its May high.
So, let’s jump on our system’s signal to buy ENPH calls on black today!
ENPH Meets Our 2 Rules
Rule No. 1: The Apex Profit Trigger
Click here to learn more about this proprietary indicator.
On ENPH’s chart, the red bars in our momentum indicator turned black, which is our signal.
We’ll buy on black with August call options.
Rule No. 2: Triple-Digit Potential
Options are our “profit accelerator.” They let us capture large, speculative gains.
To ensure our potential reward is worth the risk, we only select options that give us the chance to earn triple-digit gains if the trade reaches our target.
ENPH’s price is around $49.50 today.
If ENPH climbs 29% to our target — around $65 per share — the options we’re recommending today provide the chance for a 125% gain before they expire on August 21!
Your Action to Take:
Buy to Open ENPH August $50 Call Options
Here are your details to complete two actions:
No. 1, enter the buy order.
And No. 2, place an order to grab profits on HALF of your position when it reaches a 70% open gain. For more about why we recommend this action, click here.
Trade Recommendation |
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Buy Action to Take |
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Stock: |
Enphase Energy Inc. (Nasdaq: ENPH) |
Option Type: |
Call Option |
Expiration: |
August 21, 2020 |
Strike Price: |
$50 |
Option Symbol: |
ENPH200821C00050000 |
Action: |
Buy to Open |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
$6.95 (Anything below $6.95 is great.) |
Note: Do not place a market order. |
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Once this order is filled, place the following order: |
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Sell Action to Take |
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Stock: |
Enphase Energy Inc. (Nasdaq: ENPH) |
Option Type: |
Call Option |
Expiration: |
August 21, 2020 |
Strike Price: |
$50 |
Option Symbol: |
ENPH200821C00050000 |
Action: |
Sell to Close Half (Note: If you buy only one contract, sell the entire contract at a 70% gain, since you can’t sell half a contract.) |
Order Type: |
Limit Order |
Duration: |
GTC (Good ‘Til Canceled) |
Limit Price: |
Whatever nets you a 70% gain based on your entry price. (Example: Sell half your contracts at $11.82 if entry is $6.95.) Click here to learn more about how to calculate your 70% entry price point in your brokerage account. |
Trade Deadline: |
Keep this order open until it is filled or canceled. |
Note: This second order will allow us to collect a 70% gain on half of our position if a quick move happens before I can get a trade alert out to you. |
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Every trade comes with risk. Our risk-management strategy strives to limit individual losses. Proper risk control is a huge part of long-term success.
If you have any questions about today’s trade, email our team at apexprofit@banyanhill.com.
Good investing,
John Ross
Editor, Apex Profit Alert