NEE – NextEra Energy, Inc. – Investors are scooping up call options on Florida-based, NextEra Energy, Inc., today in order to position for continued appreciation in the price of the underlying shares through the end of the year. NEE’s shares rallied as much as 2.85% this morning to reach an intraday high of $55.25, but are currently up a lesser 1.35% to stand at $54.44 as of 1:50 pm ET. Bullish players hoping shares of one of the nation’s largest providers of electricity-related services are on the up-and-up purchased roughly 1,800 calls at the December $55 strike for an average premium of $1.90 per contract. Call buyers stand ready to accumulate profits as long as NEE’s shares jump 4.5% over the current price of $54.44 to exceed the average breakeven point at $56.90 by expiration day in December. NextEra’s overall reading of options implied volatility is up 9.00% to arrive at 18.75% by 1:55 pm ET.
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Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.
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