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NextEra Energy Unusual Options Activity For June 11

Author: Benzinga Insights | June 11, 2024 11:31am

Investors with a lot of money to spend have taken a bearish stance on NextEra Energy (NYSE:NEE).

And retail traders should know.

We noticed this today when the trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for NextEra Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $261,141, and 4 are calls, for a total amount of $140,968.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $72.5 to $82.5 for NextEra Energy over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for NextEra Energy options trades today is 1828.14 with a total volume of 8,490.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for NextEra Energy's big money trades within a strike price range of $72.5 to $82.5 over the last 30 days.

NextEra Energy Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NEE PUT SWEEP BULLISH 10/18/24 $11.0 $10.85 $10.85 $82.50 $67.2K 113 0
NEE PUT SWEEP BEARISH 06/14/24 $1.15 $1.13 $1.14 $73.00 $50.7K 702 474
NEE PUT SWEEP BEARISH 06/14/24 $1.98 $1.85 $1.96 $74.00 $40.5K 678 279
NEE CALL TRADE NEUTRAL 07/19/24 $0.97 $0.65 $0.8 $80.00 $40.0K 7.4K 3.0K
NEE PUT TRADE BEARISH 06/28/24 $2.56 $2.42 $2.56 $75.00 $38.4K 534 190

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 volume of 9,475,121, the price of NEE is down -6.44% at $72.01.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 42 days.

Expert Opinions on NextEra Energy

In the last month, 3 experts released ratings on this stock with an average target price of $84.0.

  • Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for NextEra Energy, targeting a price of $83.
  • An analyst from Wells Fargo persists with their Overweight rating on NextEra Energy, maintaining a target price of $95.
  • Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for NextEra Energy, targeting a price of $74.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for NextEra Energy with Benzinga Pro for real-time alerts.

Posted In: NEE