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NextEra Energy Unusual Options Activity
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NextEra Energy Unusual Options Activity
Mar 27, 2024 11:13 AM

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

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 NEE, it often means somebody knows something is about to happen.

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

This isn't normal.

The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $113,000, and 10, calls, for a total amount of $829,578.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $49.0 to $67.5 for NextEra Energy during the past quarter.

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 $49.0 to $67.5, over the past month.

NextEra Energy Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NEE CALL TRADE BULLISH 05/17/24 $67.50 $319.5K 1.7K 3.5K
NEE CALL TRADE BEARISH 06/21/24 $67.50 $177.0K 5.2K 24
NEE PUT TRADE BEARISH 04/19/24 $64.00 $113.0K 24 500
NEE CALL SWEEP BULLISH 06/21/24 $65.00 $60.6K 14.7K 382
NEE CALL TRADE BEARISH 04/05/24 $49.00 $54.6K 79 40

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

With a trading volume of 4,679,539, the price of NEE is up by 1.19%, reaching $62.16.

Current RSI values indicate that the stock is may be overbought.

Next earnings report is scheduled for 27 days from now.

What The Experts Say On NextEra Energy

3 market experts have recently issued ratings for this stock, with a consensus target price of $76.33333333333333.

Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on NextEra Energy with a target price of $77.

An analyst from Mizuho has revised its rating downward to Buy, adjusting the price target to $67.

Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for NextEra Energy, targeting a price of $85.

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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