EnerNoc bounced after a strong earnings report on Nov. 7, and
the bulls came back last week.
optionMONSTER's Heat Seeker system detected the purchase of almost
3,500 December 20 calls for $0.30 to $0.45 on Friday. Volume was 9
times the previous open interest at the strike, indicating that new
money was put to work.
lock in the price where shares can be purchased, letting investors
cheaply position for a rally. They can also generate significant
leverage because a gain of about 12 percent in the stock will more
than double the value of those December 20 contracts. (See our
ENOC rose 8.34 percent to $18.70 on Friday. The provider of
energy-management applications for the smart grid is expected to
grow revenue 38 percent this year and 17 percent in 2014 as
utilities look to increase efficiency. RW Baird raised its price
target on the stock to $24 from $21 on Nov. 8.
Overall option volume was 20 times greater than average in the
name, with calls accounting for a bullish 92 percent of the total.
(A version of this post appeared on
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