A whale with a lot of money to spend has taken a noticeably bearish stance on NextEra Energy.
Looking at options history for NextEra Energy NEE we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $907,602 and 10, calls, for a total amount of $597,854.
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 $40.0 to $52.5 for NextEra Energy over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $40.0 to $52.5 in the last 30 days.
NextEra Energy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NEE | PUT | TRADE | BULLISH | 01/17/25 | $40.00 | $700.0K | 446 | 2.0K |
| NEE | CALL | TRADE | BEARISH | 10/27/23 | $50.00 | $136.5K | 526 | 1.0K |
| NEE | PUT | SWEEP | BULLISH | 12/15/23 | $50.00 | $113.7K | 21.7K | 325 |
| NEE | CALL | SWEEP | BEARISH | 10/27/23 | $50.00 | $75.1K | 526 | 2.4K |
| NEE | CALL | SWEEP | BULLISH | 10/27/23 | $50.00 | $71.0K | 526 | 1.0K |
Where Is NextEra Energy Standing Right Now?
- With a volume of 9,587,512, the price of NEE is down -0.8% at $49.84.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 18 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 NextEra Energy, 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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