This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bulls Power Up With NextEra Energy

Stocks in this article: NEE

By Pete Najarian  of OptionMonster

NEW YORK -- NextEra Energy (NEE) is trading near all-time highs, and one large investor is looking for even more gains.

The trader sold 4,576 June 95 calls in one print for $5.05 and bought a block of 5,232 July 100 calls for the ask price of $1.80, according to optionMONSTER's Heat Seeker tracking system. Volume was below the previous open interest in the near-term contracts but above it in the later strike.

The investor is closing the June calls, which expire at the end of Friday's's session, and is rolling them to a larger position at a higher strike one month later. He or she is taking profits off the table and using the remaining proceeds to stay positioned for more gains. The new long calls are betting that the utility will keep rallying through expiration in mid-July, but they will quickly lose value if shares stall or pull back.

NextEra rose 0.47% to $100.16 on Thursday. It hit $100.80 early in the session, just off its all-time high of $101.50 reached on April 30. The July 100 calls ended the day with volume just shy of 8,000 contracts and priced as high as $2.

The company generates and sells electric energy in the United States and Canada. Utilities have been a strong sector all year and has seen notable option activity this week, including bullish call buying in CenterPoint Energy and Consolidated Edison.

Total option volume in NextEra topped 17,000 contracts Thursday, almost triple its full-session average for the last month. Overall calls outnumbered puts by more than 13 to 1, a reflection of the day's bullish sentiment.

Najarian has no positions in NEE.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters