Investors with a lot of money to spend have taken a bullish stance on NRG Energy NRG.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NRG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 16 options trades for NRG Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,060, and 15, calls, for a total amount of $685,006.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $90.0 for NRG Energy during the past quarter.
Volume & Open Interest Trends
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 NRG 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 NRG Energy's whale trades within a strike price range from $75.0 to $90.0 in the last 30 days.
NRG Energy Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NRG | CALL | SWEEP | BULLISH | 09/20/24 | $4.1 | $3.8 | $4.1 | $85.00 | $75.8K | 532 | 13 |
| NRG | CALL | SWEEP | BULLISH | 12/20/24 | $4.5 | $4.4 | $4.5 | $90.00 | $51.2K | 4 | 128 |
| NRG | CALL | SWEEP | BULLISH | 07/19/24 | $2.55 | $2.3 | $2.55 | $85.00 | $50.9K | 7.3K | 1.9K |
| NRG | CALL | SWEEP | BULLISH | 07/19/24 | $2.55 | $2.45 | $2.55 | $85.00 | $50.8K | 7.3K | 1.6K |
| NRG | CALL | TRADE | NEUTRAL | 07/19/24 | $2.55 | $2.45 | $2.5 | $85.00 | $50.0K | 7.3K | 2.2K |
About NRG Energy
NRG Energy is one of the largest retail energy providers in the us, with 6 million customers. Vivint Smart Home, which NRG acquired in 2023, has 2 million home services customers. NRG also is one of the largest us independent power producers, with 13 gigawatts of coal, gas, and oil power generation capacity primarily in Texas. NRG exited Chapter 11 bankruptcy as a stand-alone entity in December 2003.
Having examined the options trading patterns of NRG Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of NRG Energy
- With a volume of 3,343,166, the price of NRG is up 3.58% at $76.03.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 90 days.
What Analysts Are Saying About NRG Energy
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $91.0.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on NRG Energy, which currently sits at a price target of $100.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on NRG Energy with a target price of $82.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for NRG Energy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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