Constellation Energy Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish stance on Constellation Energy CEG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CEG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 53 uncommon options trades for Constellation Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.

Out of all of the special options we uncovered, 17 are puts, for a total amount of $1,191,625, and 36 are calls, for a total amount of $3,201,806.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $170.0 and $250.0 for Constellation Energy, spanning the last three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Constellation Energy's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Constellation Energy's whale activity within a strike price range from $170.0 to $250.0 in the last 30 days.

Constellation Energy Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Constellation Energy

Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.

Following our analysis of the options activities associated with Constellation Energy, we pivot to a closer look at the company's own performance.

Constellation Energy's Current Market Status

• With a volume of 4,213,453, the price of CEG is down -0.99% at $185.41.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 37 days.

What The Experts Say On Constellation Energy

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $188.6.

• An analyst from Morgan Stanley persists with their Overweight rating on Constellation Energy, maintaining a target price of $193.
• Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Constellation Energy, targeting a price of $201.
• An analyst from Keybanc upgraded its action to Overweight with a price target of $190.
• An analyst from Morgan Stanley persists with their Overweight rating on Constellation Energy, maintaining a target price of $166.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Constellation Energy, targeting a price of $193.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Constellation Energy, Benzinga Pro gives you real-time options trades alerts.