Keep trading this Solar Stock

We've traded the stock and options on Enphase Energy which makes solar panel inverters, and the stock has been on a meteoric rise from $21 to $216 over the past year, and we've made good returns on this in the past. Currently with the stock at $216, the options are paying relatively strong premiums compared to other stocks.

We sold the March 2021 $140 Puts on ENPH For $1.05, and expect the Puts to expire worhless. If the stock drops below $140 we'll be buying the shares at that price.  These Puts have 37 days to expiration and the expected trading range is $162-$270 at expiration based on current volatility.

With stocks at all time highs, we're doing great on our long stock positions, but it's getting more difficult to find companies we want to go long as alarm bells are ringing for the market to pull back. This is a sound strategy to pocket a 0.75% return on your committed capital of $14,000 in case you have to buy the stock over the next 5 weeks.