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NextEra Energy Unusual Options Activity For March 15
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NextEra Energy Unusual Options Activity For March 15
Mar 15, 2024 10:15 AM

High-rolling investors have positioned themselves bullish on NextEra Energy , and it's important for retail traders to take note.

This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NEE often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for NextEra Energy. This is not a typical pattern.

The sentiment among these major traders is split, with 60% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $300,000, and 9 calls, totaling $470,507.

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 $50.0 and $65.0 for NextEra Energy, spanning the last three months.

Volume & Open Interest Development

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 $50.0 to $65.0, over the past month.

NextEra Energy Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NEE PUT TRADE BULLISH 04/19/24 $65.00 $300.0K 6 500
NEE CALL SWEEP NEUTRAL 03/15/24 $57.50 $105.0K 9.0K 603
NEE CALL SWEEP NEUTRAL 01/16/26 $55.00 $74.2K 193 64
NEE CALL SWEEP BULLISH 01/17/25 $60.00 $58.8K 3.4K 102
NEE CALL SWEEP BULLISH 01/17/25 $60.00 $58.6K 3.4K 199

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.

Following our analysis of the options activities associated with NextEra Energy, we pivot to a closer look at the company's own performance.

Where Is NextEra Energy Standing Right Now?

With a trading volume of 9,345,718, the price of NEE is down by -0.49%, reaching $59.25.

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

Next earnings report is scheduled for 39 days from now.

What Analysts Are Saying About NextEra Energy

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $67.0.

In a cautious move, an analyst from Mizuho downgraded its rating to Buy, setting a price target of $67.

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.

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