Deep-pocketed investors have adopted a bearish approach towards NextEra Energy NEE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for NextEra Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 23% leaning bullish and 69% bearish. Among these notable options, 2 are puts, totaling $184,020, and 11 are calls, amounting to $1,960,855.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $80.0 for NextEra Energy during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of NextEra Energy stands at 2119.09, with a total volume reaching 244.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in NextEra Energy, situated within the strike price corridor from $50.0 to $80.0, throughout the last 30 days.
NextEra Energy 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEE | CALL | TRADE | BULLISH | 09/20/24 | $1.28 | $1.16 | $1.24 | $80.00 | $1.2M | 10.6K | 39 |
| NEE | CALL | SWEEP | BULLISH | 01/17/25 | $24.2 | $24.0 | $24.0 | $50.00 | $216.0K | 984 | 0 |
| NEE | PUT | SWEEP | BULLISH | 10/18/24 | $7.8 | $7.7 | $7.7 | $80.00 | $154.0K | 729 | 0 |
| NEE | CALL | TRADE | BEARISH | 06/20/25 | $25.25 | $24.75 | $24.8 | $50.00 | $86.8K | 106 | 0 |
| NEE | CALL | SWEEP | BEARISH | 06/20/25 | $25.25 | $24.8 | $24.8 | $50.00 | $84.3K | 106 | 0 |
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 34 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 34 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.
Present Market Standing of NextEra Energy
- Trading volume stands at 3,420,648, with NEE's price down by -1.03%, positioned at $73.09.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 28 days.
What Analysts Are Saying About NextEra Energy
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $81.4.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on NextEra Energy, which currently sits at a price target of $83.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for NextEra Energy, targeting a price of $95.
- An analyst from Mizuho has revised its rating downward to Neutral, adjusting the price target to $71.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on NextEra Energy with a target price of $74.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on NextEra Energy with a target price of $84.
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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