Remember Next Era (NEE)? I sure do. I was kind of obsessed with it for a while, but the amazing strength of the utilities sector defied the diamond pattern.
Still, it has been breaking down for the past couple of months, and today’s surge presents a new opportunity. I have taken on January 2026 (yes, 14 months from now!) $80 puts on this bad boy.
Here is the longer-term picture, which I hope illustrates my reasoning.
I am again the Knight who says NEE!
