This Is What Whales Are Betting On NextEra Energy

This Is What Whales Are Betting On NextEra Energy

Someone with a lot of money to spend has taken a bearish stance on NextEra Energy NEE.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NEE, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for NextEra Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $149,814, and 7 are calls, for a total amount of $427,724.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $100.0 for NextEra Energy over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $70.0 to $100.0 in the last 30 days.

NextEra Energy Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NEE CALL TRADE NEUTRAL 01/19/24 $70.00 $116.4K 1.7K 50
NEE CALL TRADE BULLISH 10/21/22 $95.00 $95.0K 1.4K 1.1K
NEE CALL SWEEP NEUTRAL 01/20/23 $80.00 $56.5K 10.9K 12
NEE CALL SWEEP BULLISH 12/16/22 $100.00 $52.1K 1.5K 430
NEE PUT SWEEP BEARISH 12/16/22 $92.50 $48.5K 593 63

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NEE CALL TRADE NEUTRAL 01/19/24 $70.00 $116.4K 1.7K 50
NEE CALL TRADE BULLISH 10/21/22 $95.00 $95.0K 1.4K 1.1K
NEE CALL SWEEP NEUTRAL 01/20/23 $80.00 $56.5K 10.9K 12
NEE CALL SWEEP BULLISH 12/16/22 $100.00 $52.1K 1.5K 430
NEE PUT SWEEP BEARISH 12/16/22 $92.50 $48.5K 593 63

Where Is NextEra Energy Standing Right Now?

  • With a volume of 7,186,947, the price of NEE is up 3.21% at $87.84.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 43 days.

What The Experts Say On NextEra Energy:

  • Morgan Stanley upgraded its action to Overweight with a price target of $99
  • Wells Fargo has decided to maintain their Overweight rating on NextEra Energy, which currently sits at a price target of $115.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on NextEra Energy, which currently sits at a price target of $94.

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 NextEra Energy, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets