OptionWatch:

Two Large Call Trades in NexGen Energy Ltd. (Symbol: NXE)

Articles From: Interactive Brokers
Website: Interactive Brokers

By:

Sr. Trading Education Specialist

Interactive Brokers

This morning two large trades occurred in out of the money calls in NexGen Energy Ltd. (Symbol: NXE). The February 16 ’24 8 calls traded 10,000 contracts for $0.28 and the February 16 ’24 9 calls traded 10,000 contracts for $0.10. Both lines have large open interest and looking at the NBBO for both strikes it looks like the trader sold the calls and was most likely closing an existing position. At the time of the trade NXE was trading at $7.39.

NXE is currently trading at $7.42. NXE has a 52-week high of $8.05 and a 52-week low of $3.49.

NXE is currently trading at $7.42. NXE has a 52-week high of $8.05 and a 52-week low of $3.49.

Past performance is not indicative of future results.

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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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