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High-rolling investors have positioned themselves bullish on NEXTracker (NASDAQ:NXT), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NXT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for NEXTracker. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $74,949, and 7 calls, totaling $488,860.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $50.0 for NEXTracker during the past quarter.
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for NEXTracker's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NEXTracker's whale trades within a strike price range from $40.0 to $50.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
NXT | CALL | SWEEP | NEUTRAL | 06/21/24 | $2.95 | $2.55 | $2.6 | $45.00 | $167.9K | 1.4K | 734 |
NXT | CALL | TRADE | BEARISH | 06/21/24 | $6.1 | $5.8 | $5.9 | $40.00 | $147.5K | 281 | 294 |
NXT | PUT | SWEEP | BULLISH | 06/21/24 | $3.2 | $3.0 | $3.0 | $45.00 | $74.9K | 353 | 653 |
NXT | CALL | TRADE | NEUTRAL | 06/21/24 | $5.1 | $4.9 | $5.0 | $40.00 | $50.0K | 281 | 414 |
NXT | CALL | SWEEP | BEARISH | 06/21/24 | $2.0 | $1.95 | $2.0 | $45.00 | $36.0K | 1.4K | 1.6K |
Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
After a thorough review of the options trading surrounding NEXTracker, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
5 market experts have recently issued ratings for this stock, with a consensus target price of $59.0.
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 NEXTracker, Benzinga Pro gives you real-time options trades alerts.
Posted In: NXT