Investors with a lot of money to spend have taken a bearish stance on NextEra Energy NEE.
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 NEE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for NextEra Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $105,945, and 8, calls, for a total amount of $383,624.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $78.0 for NextEra Energy over the last 3 months.
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 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 $55.0 to $78.0 in the last 30 days.
NextEra Energy 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEE | PUT | SWEEP | BEARISH | 09/20/24 | $3.45 | $3.4 | $3.45 | $72.50 | $105.9K | 3.5K | 78 |
| NEE | CALL | SWEEP | BEARISH | 12/20/24 | $6.95 | $6.8 | $6.8 | $70.00 | $86.3K | 363 | 0 |
| NEE | CALL | SWEEP | BULLISH | 08/09/24 | $0.57 | $0.57 | $0.57 | $78.00 | $50.4K | 8 | 0 |
| NEE | CALL | SWEEP | BEARISH | 08/09/24 | $0.57 | $0.53 | $0.52 | $78.00 | $47.6K | 8 | 2.2K |
| NEE | CALL | SWEEP | BEARISH | 10/18/24 | $7.0 | $6.9 | $6.9 | $67.50 | $47.6K | 1.1K | 1 |
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.
Current Position of NextEra Energy
- Currently trading with a volume of 3,083,761, the NEE's price is down by -0.06%, now at $71.78.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 18 days.
What The Experts Say On NextEra Energy
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $81.2.
- An analyst from BMO Capital persists with their Outperform rating on NextEra Energy, maintaining a target price of $79.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on NextEra Energy, which currently sits at a price target of $95.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on NextEra Energy with a target price of $73.
- An analyst from Evercore ISI Group persists with their In-Line rating on NextEra Energy, maintaining a target price of $75.
- An analyst from Citigroup persists with their Buy rating on NextEra Energy, maintaining a target price of $84.
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 NextEra Energy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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