Enphase Energy (ENPH) Options Chain

NASDAQ: ENPHTechnologySemiconductorsUSD

32.81-0.10 (-0.30%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $32.81
Put/call ratio (OI): 0.72
Put/call ratio (volume): 0.80
ATM implied volatility: 73.5%
Expected move: ±$7.98
Open interest (C / P): 20.67K / 14.94K

ENPH options summary

The ENPH options chain for the November 20, 2026 expiration lists 21 call and 20 put contracts, with 40 days until expiration. Open interest stands at 20,667 calls and 14,941 puts, a put/call ratio of 0.72, which is fairly balanced between calls and puts. At-the-money implied volatility near the $35.00 strike is 73.5%, which implies the market expects a move of about ±$7.98 (24.3%) in Enphase Energy stock by expiration.

The most open interest sits at the $50.00 call (3.91K contracts) and the $35.00 put (5.16K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ENPH options chain · November 20, 2026

ENPH calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
11	5	126.2%	18.00	16.80	19.05	15.00	0.00	0.35	0.06	136.1%	1	37
—	—	—	—	—	—	17.50	0.00	0.37	0.06	113.7%	2	401
15	1	102.3%	13.13	12.05	14.15	20.00	0.04	0.12	0.08	78.9%	5	219
5	1	98.7%	11.72	9.85	11.90	22.50	0.11	0.32	0.23	76.4%	1	286
36	3	64.9%	8.00	7.75	8.50	25.00	0.37	0.49	0.44	71.1%	207	1,774
541	15	71.3%	4.22	4.25	4.95	30.00	1.56	1.98	1.80	70.8%	143	4,083
ENPH $32.81
1,426	110	74.2%	2.31	2.02	2.72	35.00	4.30	4.70	4.55	72.8%	78	5,161
3,034	167	74.7%	1.15	0.95	1.25	40.00	7.80	8.60	8.27	72.1%	49	1,888
1,669	54	79.4%	0.51	0.52	0.65	45.00	12.30	13.15	12.75	77.3%	3	644
3,908	113	79.1%	0.25	0.21	0.30	50.00	17.15	18.25	18.02	93.0%	2	213
1,214	58	88.9%	0.20	0.12	0.30	55.00	21.30	23.20	22.27	72.3%	1	166
1,245	7	88.3%	0.09	0.07	0.13	60.00	26.50	28.30	27.30	100.1%	1	51
640	58	105.7%	0.11	0.01	0.32	65.00	31.30	33.35	26.99	102.3%	1	1
1,142	2	99.8%	0.05	0.00	0.13	70.00	36.60	38.25	31.47	121.6%	5	0
2,375	32	114.7%	0.03	0.02	0.19	75.00	36.95	39.90	38.80	—	1	0
1,605	1	119.1%	0.03	0.01	0.17	80.00	36.80	38.95	35.10	—	3	9
107	1	124.6%	0.04	0.01	0.16	85.00	41.35	43.60	32.74	—	1	8
85	4	145.3%	0.08	0.00	0.36	90.00	0.00	0.00	31.15	—	1	0
491	15	135.6%	0.05	0.01	0.15	95.00	0.00	0.00	35.05	—	—	0
73	2	145.7%	0.05	0.00	0.21	100.00	61.15	64.15	59.43	—	15	0
586	2	143.4%	0.01	0.00	0.14	105.00	—	—	—	—	—	—
459	1	166.0%	0.07	0.00	0.34	110.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ENPH put/call ratio?

For the November 20, 2026 expiration, the ENPH put/call ratio based on open interest is 0.72 (14,941 puts vs 20,667 calls), and 0.80 based on today's volume. A ratio above 1 means more puts than calls.

What is ENPH's implied volatility?

At-the-money implied volatility for ENPH options expiring November 20, 2026 is about 73.5%, an annualized estimate of how much the market expects Enphase Energy stock to move.

How many ENPH option expiration dates are there?

ENPH has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.