Next Era’s Next Era

By Tim Knight of Slope Of Hope

Managing Partner at Tim Knight Organization • Nov 9, 2024 at 4:30 PM EST

Remember Next Era? 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.

man in black suit jacket and black pants figurine

Image Source: Unsplash

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 the recent surge may present 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.

More By This Author:

Capricious Coinage
The Normalizing Fed
Exceptional Intelligence

I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.

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