27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on NRG Energy. Our analysis of options history for NRG Energy (NYSE:NRG) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $57,790, and 6 were calls, valued at $297,791.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $75.0 for NRG Energy, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for NRG Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NRG Energy's significant trades, within a strike price range of $65.0 to $75.0, over the past month.
NRG Energy Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NRG | CALL | SWEEP | BEARISH | 09/20/24 | $7.5 | $6.9 | $7.1 | $75.00 | $94.4K | 810 | 139 |
| NRG | CALL | SWEEP | BEARISH | 01/17/25 | $10.7 | $10.4 | $10.4 | $75.00 | $59.2K | 1.6K | 57 |
| NRG | CALL | SWEEP | BULLISH | 09/20/24 | $13.5 | $13.2 | $13.4 | $65.00 | $56.2K | 3.3K | 45 |
| NRG | CALL | TRADE | NEUTRAL | 05/17/24 | $7.5 | $7.2 | $7.34 | $70.00 | $32.2K | 1.1K | 118 |
| NRG | CALL | SWEEP | BEARISH | 04/19/24 | $6.0 | $5.8 | $5.8 | $70.00 | $29.0K | 6.0K | 55 |
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.
Having examined the options trading patterns of NRG Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of NRG Energy
- With a volume of 2,324,272, the price of NRG is down -0.95% at $73.89.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 20 days.
What The Experts Say On NRG Energy
4 market experts have recently issued ratings for this stock, with a consensus target price of $72.75.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on NRG Energy, which currently sits at a price target of $85.
- An analyst from Wells Fargo persists with their Overweight rating on NRG Energy, maintaining a target price of $78.
- An analyst from Morgan Stanley persists with their Equal-Weight rating on NRG Energy, maintaining a target price of $63.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for NRG Energy, targeting a price of $65.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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