Financial giants have made a conspicuous bullish move on NEXTracker. Our analysis of options history for NEXTracker NXT revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $349,590, and 8 were calls, valued at $390,223.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $65.0 for NEXTracker over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of NEXTracker stands at 1240.2, with a total volume reaching 1,725.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NEXTracker, situated within the strike price corridor from $50.0 to $65.0, throughout the last 30 days.
NEXTracker Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NXT | PUT | TRADE | BULLISH | 12/20/24 | $9.8 | $8.9 | $9.0 | $60.00 | $225.0K | 558 | 450 |
| NXT | PUT | SWEEP | BULLISH | 12/20/24 | $9.3 | $9.2 | $9.3 | $60.00 | $95.7K | 558 | 32 |
| NXT | CALL | TRADE | BEARISH | 12/20/24 | $16.3 | $16.0 | $16.0 | $50.00 | $80.0K | 574 | 0 |
| NXT | CALL | TRADE | NEUTRAL | 11/15/24 | $7.9 | $7.3 | $7.6 | $65.00 | $72.2K | 437 | 159 |
| NXT | CALL | TRADE | BULLISH | 12/20/24 | $10.1 | $10.0 | $10.1 | $60.00 | $61.6K | 718 | 446 |
About NEXTracker
Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
Following our analysis of the options activities associated with NEXTracker, we pivot to a closer look at the company's own performance.
Current Position of NEXTracker
- Currently trading with a volume of 1,513,678, the NXT's price is down by -1.77%, now at $59.46.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 40 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for NEXTracker, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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