Option Bulls Scoop Up NextEra Energy Call Options

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.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

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.

Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.

Visit: Interactive Brokers

Be the first to comment

Leave a Reply

Your email address will not be published.