Users: Honduki, Hoarder of all Cats: slopechart_ENPH.jpg

Ugly chart on ENPH ever since Covid hit. This thing is highly prone to big gaps. I took a couple dollars out of it early last week with short call spreads when it first jumped on news of the "Not infrastructure, not explicitly Green, but definitely anti-inflation Bill". If it pops again tomorrow (closer to 340) AM on late comers responding to the "news", I'll look at put spreads. The spreads suck on the options, and they are too rich for me to risk long puts. I may actually do long OTM put spreads, because this thing moves a lot, and the risk:reward is very attractive. Looking at 250p/260p it's a 1:4 risk to reward.