Behind the Scenes of NextDecade's Latest Options Trends

Benzinga's options scanner just detected over 9 options trades for NextDecade NEXT summing a total amount of $1,381,889.

At the same time, our algo caught 2 for a total amount of 71,571.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $4.0 to $8.0 for NextDecade during the past quarter.

Volume & Open Interest Development

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 NextDecade'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 NextDecade's whale trades within a strike price range from $4.0 to $8.0 in the last 30 days.

NextDecade Option Activity Analysis: Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NEXT CALL SWEEP BULLISH 01/17/25 $3.6 $3.5 $3.6 $5.00 $713.4K 26.3K 2.6K
NEXT CALL SWEEP BULLISH 01/17/25 $1.65 $1.6 $1.65 $7.00 $251.1K 7.3K 1.5K
NEXT CALL SWEEP BULLISH 01/17/25 $3.6 $3.5 $3.6 $5.00 $214.6K 26.3K 614
NEXT CALL SWEEP BEARISH 01/17/25 $4.6 $4.3 $4.3 $4.00 $86.0K 249 200
NEXT CALL SWEEP BULLISH 01/17/25 $1.7 $1.55 $1.65 $7.00 $50.6K 7.3K 1.9K

About NextDecade

NextDecade Corp is a energy company predominantly engaged in construction and development activities related to the liquefaction of natural gas and sale of LNG and the capture and storage of CO2 emissions. The company provides a number of services depending on the individual needs of the customer. These include the supply and trade of LNG volumes, the creation of new natural gas infrastructure including pipeline and natural gas liquefaction facilities, treatment and processing of natural gas into LNG, as well as technical engineering and design services related to the development and execution of natural gas infrastructure, transporting, shipping and storage of LNG.

Following our analysis of the options activities associated with NextDecade, we pivot to a closer look at the company's own performance.

Where Is NextDecade Standing Right Now?

  • With a volume of 4,321,781, the price of NEXT is down -1.73% at $7.96.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 53 days.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.

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 NextDecade with Benzinga Pro for real-time alerts.

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