Investors with a lot of money to spend have taken a bearish stance on NRG Energy NRG.
And retail traders should know.
We noticed this today when the positions 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 NRG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for NRG Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,115, and 7, calls, for a total amount of $294,201.
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 $60.0 and $80.0 for NRG Energy, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NRG 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 NRG Energy's substantial trades, within a strike price spectrum from $60.0 to $80.0 over the preceding 30 days.
NRG Energy Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NRG | CALL | SWEEP | BULLISH | 04/19/24 | $70.00 | $52.3K | 7.8K | 3.0K |
| NRG | CALL | TRADE | BEARISH | 04/19/24 | $65.00 | $50.0K | 6.2K | 471 |
| NRG | CALL | SWEEP | NEUTRAL | 04/19/24 | $70.00 | $47.5K | 7.8K | 2.1K |
| NRG | CALL | SWEEP | BEARISH | 01/17/25 | $80.00 | $41.9K | 777 | 255 |
| NRG | CALL | SWEEP | BULLISH | 01/17/25 | $80.00 | $40.9K | 777 | 128 |
About NRG Energy
NRG Energy is one of the largest retail energy providers in the U.S., with 5.5 million customers. Its 2023 acquisition of Vivint Smart Home adds 1.9 million home services customers. NRG also is one of the largest U.S. 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.
Following our analysis of the options activities associated with NRG Energy, we pivot to a closer look at the company's own performance.
NRG Energy's Current Market Status
- Currently trading with a volume of 2,437,310, the NRG's price is down by -0.26%, now at $64.83.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 44 days.
What Analysts Are Saying About NRG Energy
3 market experts have recently issued ratings for this stock, with a consensus target price of $62.0.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for NRG Energy, targeting a price of $59.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on NRG Energy with a target price of $62.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for NRG Energy, targeting a price of $65.
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 NRG Energy, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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