High-rolling investors have positioned themselves bullish on NextEra Energy (NYSE:NEE), 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 12 options trades for NextEra Energy. This is not a typical pattern.
The sentiment among these major traders is split, with 58% bullish and 41% bearish. Among all the options we identified, there was one put, amounting to $27,700, and 11 calls, totaling $391,572.
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 $57.5 to $70.0 for NextEra Energy over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NextEra Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NextEra Energy's substantial trades, within a strike price spectrum from $57.5 to $70.0 over the preceding 30 days.
NextEra Energy Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEE | CALL | SWEEP | BEARISH | 01/17/25 | $3.4 | $3.3 | $3.3 | $70.00 | $64.3K | 1.9K | 737 |
| NEE | CALL | SWEEP | BULLISH | 01/17/25 | $3.3 | $3.25 | $3.3 | $70.00 | $48.5K | 1.9K | 179 |
| NEE | CALL | SWEEP | NEUTRAL | 01/17/25 | $3.3 | $3.25 | $3.3 | $70.00 | $42.9K | 1.9K | 326 |
| NEE | CALL | SWEEP | BULLISH | 01/17/25 | $4.6 | $4.5 | $4.6 | $67.50 | $36.8K | 1.4K | 80 |
| NEE | CALL | SWEEP | BULLISH | 05/17/24 | $6.45 | $6.4 | $6.45 | $57.50 | $30.9K | 905 | 48 |
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.
NextEra Energy's Current Market Status
- Currently trading with a volume of 11,114,973, the NEE's price is up by 1.15%, now at $62.41.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 6 days.
Expert Opinions on NextEra Energy
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $73.0.
- An analyst from Barclays has revised its rating downward to Equal-Weight, adjusting the price target to $66.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for NextEra Energy, targeting a price of $68.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on NextEra Energy, which currently sits at a price target of $85.
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.