Nucor Unusual Options Activity

Nucor Corporation -0.76%

Nucor Corporation




Financial giants have made a conspicuous bullish move on Nucor. Our analysis of options history for Nucor (NYSE:NUE) revealed 15 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $353,506, and 10 were calls, valued at $430,806.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $180.0 to $210.0 for Nucor over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Nucor's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Nucor's substantial trades, within a strike price spectrum from $180.0 to $210.0 over the preceding 30 days.

Nucor Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NUE PUT SWEEP BEARISH 06/21/24 $185.00 $203.9K 84 1
NUE CALL SWEEP NEUTRAL 01/16/26 $210.00 $105.7K 1.6K 53
NUE CALL TRADE BEARISH 04/19/24 $190.00 $72.2K 697 97
NUE CALL SWEEP BEARISH 02/16/24 $180.00 $49.6K 2.6K 967
NUE PUT SWEEP NEUTRAL 02/16/24 $182.50 $49.4K 0 461

About Nucor

Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.

In light of the recent options history for Nucor, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Nucor's Current Market Status

  • Trading volume stands at 2,457,560, with NUE's price up by 1.34%, positioned at $179.0.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 79 days.

What The Experts Say On Nucor

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $210.0.

  • In a cautious move, an analyst from UBS downgraded its rating to Buy, setting a price target of $210.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Nucor with Benzinga Pro for real-time alerts.

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