Deep-pocketed investors have adopted a bearish approach towards NextEra Energy NEE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for NextEra Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 2 are puts, totaling $98,595, and 6 are calls, amounting to $563,715.
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 $30.0 and $72.5 for NextEra Energy, spanning the last three months.
Volume & Open Interest Development
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 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 trades within a strike price range from $30.0 to $72.5 in the last 30 days.
NextEra Energy 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEE | CALL | TRADE | BULLISH | 01/16/26 | $34.8 | $33.9 | $34.7 | $30.00 | $180.4K | 74 | 52 |
| NEE | CALL | TRADE | BEARISH | 06/21/24 | $0.71 | $0.67 | $0.68 | $72.50 | $155.3K | 656 | 2.2K |
| NEE | CALL | SWEEP | BEARISH | 01/17/25 | $13.0 | $12.65 | $12.65 | $55.00 | $82.2K | 2.0K | 65 |
| NEE | PUT | SWEEP | BEARISH | 01/16/26 | $7.1 | $5.9 | $6.99 | $62.50 | $69.8K | 162 | 0 |
| NEE | CALL | SWEEP | BEARISH | 10/18/24 | $11.5 | $11.4 | $11.4 | $55.00 | $64.9K | 131 | 57 |
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 34 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 30 GW of generation capacity, including natural gas, nuclear, wind, and solar.
After a thorough review of the options trading surrounding NextEra Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of NextEra Energy
- Trading volume stands at 4,804,243, with NEE's price up by 0.93%, positioned at $64.78.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 15 days.
Professional Analyst Ratings for NextEra Energy
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $76.33333333333333.
- An analyst from BMO Capital has decided to maintain their Outperform rating on NextEra Energy, which currently sits at a price target of $77.
- An analyst from Mizuho downgraded its action to Buy with a price target of $67.
- An analyst from Wells Fargo persists with their Overweight rating on NextEra Energy, maintaining a target price of $85.
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 NextEra Energy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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