Whales with a lot of money to spend have taken a noticeably bearish stance on NextEra Energy.
Looking at options history for NextEra Energy NEE we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $188,805 and 4, calls, for a total amount of $150,395.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $57.5 and $60.0 for NextEra Energy, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for NextEra Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NextEra Energy's whale trades within a strike price range from $57.5 to $60.0 in the last 30 days.
NextEra Energy Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NEE | PUT | SWEEP | BULLISH | 06/21/24 | $57.50 | $66.8K | 2.0K | 589 |
| NEE | PUT | TRADE | NEUTRAL | 06/21/24 | $57.50 | $63.1K | 2.0K | 406 |
| NEE | CALL | TRADE | BEARISH | 01/17/25 | $60.00 | $54.0K | 2.9K | 100 |
| NEE | CALL | SWEEP | BEARISH | 06/21/24 | $57.50 | $37.3K | 1.1K | 201 |
| NEE | PUT | TRADE | BULLISH | 06/21/24 | $57.50 | $30.8K | 2.0K | 14 |
About NextEra Energy
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 32 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 25 GW of generation capacity, including natural gas, nuclear, wind, and solar.
After a thorough review of the options trading surrounding NextEra Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of NextEra Energy
- With a volume of 2,253,375, the price of NEE is up 0.62% at $57.2.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 2 days.
Professional Analyst Ratings for NextEra Energy
In the last month, 1 experts released ratings on this stock with an average target price of $80.0.
- An analyst from Guggenheim has decided to maintain their Buy rating on NextEra Energy, which currently sits at a price target of $80.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NextEra Energy options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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