Short NRG/BUY NRG 4/19/24 70 PUTS
NRG is up for a 4th trading day in a row as this stock gets the benefit of trading with utilities and rallies with energy names as well. That said there’s a burn notice to own the stock with an outlier up 5% move today showing emphatic investor capitulation to own the stock. 2 Stars trade last half hour. 3:30-4:00 EST.