Unpacking the Latest Options Trading Trends in NextEra Energy

Whales with a lot of money to spend have taken a noticeably bearish stance on NextEra Energy.

Looking at options history for NextEra Energy NEE we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $331,621 and 9, calls, for a total amount of $615,030.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $75.0 for NextEra Energy over the recent three months.

Analyzing 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 NextEra 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 NextEra Energy's significant trades, within a strike price range of $27.5 to $75.0, over the past month.

NextEra Energy 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NEE PUT SWEEP BEARISH 09/20/24 $5.15 $5.05 $5.15 $72.50 $257.5K 49 500
NEE CALL SWEEP BULLISH 09/20/24 $3.75 $3.7 $3.75 $72.50 $148.8K 4.6K 400
NEE CALL TRADE BULLISH 05/17/24 $0.67 $0.63 $0.67 $72.00 $113.9K 737 1.2K
NEE CALL TRADE BULLISH 05/17/24 $0.67 $0.63 $0.67 $72.00 $80.4K 737 1.2K
NEE CALL SWEEP BEARISH 05/17/24 $3.1 $3.0 $3.03 $68.00 $75.8K 2.3K 0

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.

Present Market Standing of NextEra Energy

  • Trading volume stands at 1,440,431, with NEE's price up by 0.77%, positioned at $70.68.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 78 days.

What The Experts Say On NextEra Energy

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $71.6.

  • An analyst from Mizuho has decided to maintain their Buy rating on NextEra Energy, which currently sits at a price target of $71.
  • An analyst from BMO Capital has decided to maintain their Outperform rating on NextEra Energy, which currently sits at a price target of $68.
  • An analyst from B of A Securities persists with their Neutral rating on NextEra Energy, maintaining a target price of $67.
  • An analyst from Morgan Stanley persists with their Overweight rating on NextEra Energy, maintaining a target price of $79.
  • Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Outperform rating on NextEra Energy with a target price of $73.

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.

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