Looking At NextEra Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on NextEra Energy (NYSE:NEE), with 75% of recent trades being bearish. The trades include 12 puts amounting to $613,066 and 4 calls amounting to $855,833. The targeted price range for NextEra Energy over the last 3 months is $55.0 to $70.0. The current price of NEE is up 2.18% at $57.69, and the next earnings are expected in 90 days.
October 26, 2023 | 3:48 pm
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NextEra Energy has seen a significant amount of bearish trading activity recently. The targeted price range for the stock over the last 3 months is $55.0 to $70.0. The current price is up 2.18% at $57.69.
The bearish stance taken by a significant investor, as evidenced by the high percentage of bearish trades, suggests a potential downward pressure on the stock price in the short term. The current price is within the targeted range, but the fact that it is up 2.18% might be a temporary increase before a potential drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100