Investors with a lot of money to spend have taken a bearish stance on NRG Energy (NYSE:NRG).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NRG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for NRG Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 50%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $396,902, and there was 1 call, for a total amount of $76,200.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $100.0 for NRG Energy over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NRG Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NRG Energy's substantial trades, within a strike price spectrum from $85.0 to $100.0 over the preceding 30 days.
NRG Energy 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NRG | PUT | SWEEP | BEARISH | 06/20/25 | $4.4 | $2.35 | $3.5 | $85.00 | $174.6K | 249 | 501 |
| NRG | CALL | TRADE | NEUTRAL | 03/21/25 | $8.0 | $7.3 | $7.62 | $100.00 | $76.2K | 2.1K | 100 |
| NRG | PUT | SWEEP | BEARISH | 03/21/25 | $2.5 | $2.35 | $2.35 | $90.00 | $65.0K | 2.5K | 1 |
| NRG | PUT | SWEEP | BEARISH | 03/21/25 | $2.5 | $2.4 | $2.45 | $85.00 | $43.8K | 311 | 20 |
| NRG | PUT | SWEEP | BEARISH | 12/19/25 | $10.7 | $8.8 | $10.4 | $90.00 | $33.0K | 104 | 57 |
About NRG Energy
NRG Energy is one of the largest retail energy providers in the us, with 6 million customers. Vivint Smart Home, which NRG acquired in 2023, has 2 million home services customers. NRG also is one of the largest us independent power producers, with 13 gigawatts of coal, gas, and oil power generation capacity primarily in Texas. NRG exited Chapter 11 bankruptcy as a stand-alone entity in December 2003.
NRG Energy's Current Market Status With a volume of 777,659, the price of NRG is down -11.5% at $99.44. RSI indicators hint that the underlying stock may be approaching overbought. Next earnings are expected to be released in 30 days. Expert Opinions on NRG Energy
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $126.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Evercore ISI Group has elevated its stance to Outperform, setting a new price target at $126.
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 NRG Energy, Benzinga Pro gives you real-time options trades alerts.
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