Investors with a lot of money to spend have taken a bullish stance on NexGen Energy NXE.
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 NXE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for NexGen Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 100% bullish and 0%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,089, and 10, calls, for a total amount of $316,000.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $7.0 to $8.0 for NexGen Energy over the last 3 months.
Insights into 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 NexGen 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 NexGen Energy's whale trades within a strike price range from $7.0 to $8.0 in the last 30 days.
NexGen Energy Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NXE | CALL | SWEEP | BULLISH | 12/20/24 | $1.65 | $1.55 | $1.65 | $8.00 | $33.0K | 4.3K | 2.0K |
| NXE | CALL | SWEEP | BULLISH | 12/20/24 | $1.65 | $1.55 | $1.63 | $8.00 | $32.6K | 4.3K | 1.2K |
| NXE | CALL | SWEEP | BULLISH | 12/20/24 | $1.6 | $1.55 | $1.6 | $8.00 | $32.0K | 4.3K | 1.4K |
| NXE | CALL | SWEEP | BULLISH | 12/20/24 | $1.6 | $1.55 | $1.6 | $8.00 | $32.0K | 4.3K | 1.8K |
| NXE | CALL | SWEEP | BULLISH | 12/20/24 | $1.6 | $1.55 | $1.6 | $8.00 | $32.0K | 4.3K | 825 |
About NexGen Energy
NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit.
Where Is NexGen Energy Standing Right Now?
- With a trading volume of 4,218,534, the price of NXE is up by 0.62%, reaching $7.25.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 86 days from now.
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 NexGen Energy with Benzinga Pro for real-time alerts.
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