Financial giants have made a conspicuous bullish move on NRG Energy. Our analysis of options history for NRG Energy NRG revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $228,549, and 7 were calls, valued at $1,338,149.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $80.0 for NRG Energy over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for NRG Energy options trades today is 2253.67 with a total volume of 3,473.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for NRG Energy's big money trades within a strike price range of $75.0 to $80.0 over the last 30 days.
NRG Energy Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NRG | CALL | SWEEP | BULLISH | 07/19/24 | $6.3 | $5.0 | $6.3 | $75.00 | $315.0K | 4.0K | 718 |
| NRG | CALL | SWEEP | BULLISH | 07/19/24 | $6.2 | $6.0 | $6.19 | $75.00 | $310.0K | 4.0K | 218 |
| NRG | CALL | SWEEP | BEARISH | 08/16/24 | $4.8 | $4.7 | $4.7 | $80.00 | $235.9K | 494 | 4 |
| NRG | PUT | TRADE | NEUTRAL | 09/20/24 | $4.1 | $3.9 | $4.01 | $75.00 | $200.5K | 2.2K | 63 |
| NRG | CALL | SWEEP | BULLISH | 07/19/24 | $6.3 | $5.8 | $6.3 | $75.00 | $171.9K | 4.0K | 1.2K |
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.
Following our analysis of the options activities associated with NRG Energy, we pivot to a closer look at the company's own performance.
Where Is NRG Energy Standing Right Now?
- Trading volume stands at 1,103,293, with NRG's price up by 2.63%, positioned at $80.64.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 28 days.
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.
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