The options were up over 90%

Here was my reasoning:

ENPH might be a tricky one this week as I am betting on a reversal soon.  Reversals are very hard to spot exactly when they will happen. My plan is to get started with a half-sized position and then add to it (either higher or lower) as long as the chart stays in range.

The solar sector has been very hot lately and ENPH is one of the hedge fund darlings of the industry. As I have been predicting for a while now, ENPH did have a serious pullback, but I think this is over and funds will return to buying it again at these discounted levels. I am already seeing a small reversal happening the last few days, which is encouraging.

If I am wrong on this, then I will stop out for a loss if ENPH closes under $230 which is near the recent low. 

If I am right, I think the stock could hit $260 as my first target, and $280 as the next level.

I am not in a hurry to buy this first thing when the market opens today. I want to be patient and wait for prices to come in just a little bit first. I think I will get an entry near the $240 level, which would put the option price near $6.