Decoding NextEra Energy's Options Activity: What's the Big Picture?

Author: Benzinga Insights | June 17, 2024 02:16pm

Financial giants have made a conspicuous bullish move on NextEra Energy. Our analysis of options history for NextEra Energy (NYSE:NEE) revealed 10 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $257,769, and 6 were calls, valued at $264,261.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $75.0 for NextEra Energy, spanning the last three months.

Insights into 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 $65.0 to $75.0, over the past month.

NextEra Energy 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
NEE	PUT	TRADE	BULLISH	09/20/24	$0.97	$0.91	$0.91	$65.00	$163.8K	7.0K	231
NEE	CALL	SWEEP	BEARISH	10/18/24	$8.5	$8.4	$8.4	$67.50	$73.0K	712	357
NEE	CALL	SWEEP	BEARISH	10/18/24	$7.95	$7.9	$7.95	$67.50	$59.6K	712	0
NEE	CALL	SWEEP	BULLISH	09/20/24	$3.2	$3.15	$3.2	$75.00	$42.2K	2.6K	93
NEE	CALL	SWEEP	BEARISH	10/18/24	$8.05	$7.9	$7.95	$67.50	$31.8K	712	213

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 34 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

• With a volume of 3,327,836, the price of NEE is down -0.01% at $73.05.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 36 days.

Professional Analyst Ratings for NextEra Energy

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $80.4.

• An analyst from Barclays persists with their Equal-Weight rating on NextEra Energy, maintaining a target price of $74.
• An analyst from Wells Fargo persists with their Overweight rating on NextEra Energy, maintaining a target price of $95.
• An analyst from Mizuho downgraded its action to Neutral with a price target of $71.
• An analyst from BMO Capital persists with their Outperform rating on NextEra Energy, maintaining a target price of $79.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on NextEra Energy, which currently sits at a price target of $83.

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: NEE