Investors with a lot of money to spend have taken a bullish stance on NEXTracker NXT.
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 NXT, 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 9 uncommon options trades for NEXTracker.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $185,350, and 5 are calls, for a total amount of $179,700.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $50.0 for NEXTracker over the last 3 months.
Analyzing Volume & Open Interest
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 NEXTracker'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 NEXTracker's whale trades within a strike price range from $45.0 to $50.0 in the last 30 days.
NEXTracker Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NXT | PUT | SWEEP | BEARISH | 02/21/25 | $2.0 | $1.95 | $2.0 | $50.00 | $84.8K | 504 | 432 |
| NXT | CALL | TRADE | BULLISH | 02/21/25 | $5.1 | $4.8 | $5.1 | $45.00 | $50.9K | 4.1K | 205 |
| NXT | CALL | TRADE | BULLISH | 02/21/25 | $5.0 | $4.8 | $5.0 | $45.00 | $50.0K | 4.1K | 4 |
| NXT | PUT | SWEEP | BEARISH | 08/15/25 | $7.3 | $7.1 | $7.3 | $50.00 | $40.8K | 0 | 957 |
| NXT | PUT | SWEEP | NEUTRAL | 08/15/25 | $4.8 | $4.7 | $4.8 | $45.00 | $31.2K | 1.1K | 447 |
About NEXTracker
Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
In light of the recent options history for NEXTracker, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of NEXTracker
- Currently trading with a volume of 2,496,703, the NXT's price is up by 4.16%, now at $51.29.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 103 days.
What The Experts Say On NEXTracker
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $53.2.
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. * An analyst from Citigroup persists with their Neutral rating on NEXTracker, maintaining a target price of $45. * An analyst from Barclays has elevated its stance to Overweight, setting a new price target at $60. * An analyst from Northland Capital Markets has revised its rating downward to Outperform, adjusting the price target to $55. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on NEXTracker with a target price of $50. * Showing optimism, an analyst from Jefferies upgrades its rating to Buy with a revised price target of $56.
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 NEXTracker options trades with real-time alerts from Benzinga Pro.
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