Investors with a lot of money to spend have taken a bullish stance on NextEra Energy NEE.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for NextEra Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $429,931, and 8 are calls, for a total amount of $344,075.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $65.0 for NextEra Energy during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NextEra Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NextEra Energy's substantial trades, within a strike price spectrum from $45.0 to $65.0 over the preceding 30 days.
NextEra Energy 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NEE | PUT | TRADE | BULLISH | 01/17/25 | $57.50 | $270.9K | 653 | 0 |
| NEE | PUT | SWEEP | BULLISH | 12/15/23 | $57.50 | $125.4K | 3.6K | 217 |
| NEE | CALL | TRADE | BULLISH | 09/19/25 | $65.00 | $70.5K | 144 | 1 |
| NEE | CALL | SWEEP | BEARISH | 01/17/25 | $60.00 | $65.0K | 2.5K | 3 |
| NEE | CALL | SWEEP | BULLISH | 06/21/24 | $50.00 | $50.5K | 951 | 50 |
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 32 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 25 GW of generation capacity, including natural gas, nuclear, wind, and solar.
Where Is NextEra Energy Standing Right Now?
- Trading volume stands at 4,248,356, with NEE's price down by 0.0%, positioned at $57.55.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 70 days.
What The Experts Say On NextEra Energy
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $61.5.
- An analyst from Seaport Global has revised its rating downward to Sell, adjusting the price target to $44.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on NextEra Energy with a target price of $79.
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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