The bulls piled into NRG Energy yesterday, looking for the power producer to test recent multi-year highs.
OptionMonster's tracking systems detected heavy buying as nearly 18,000 December 29 calls traded yesterday, led by prints of 10,000 and 4,000 that went for $1.30. These are definitely new positions, as open interest in the strike was just 442 contracts before the trades crossed our scanners.
NRG rose 0.36 percent to $27.53 yesterday, ahead of the company's second-quarter results on Aug. 9. The stock has pulled back since peaking at $29.19 on July 19—its highest price since September 2009—but is still up some 20 percent since the start of this year.