Investors with a lot of money to spend have taken a bullish stance on Constellation Energy CEG.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 9 options trades for Constellation Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,000, and 8, calls, for a total amount of $421,165.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $270.0 for Constellation Energy over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Constellation Energy options trades today is 231.67 with a total volume of 566.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Constellation Energy's big money trades within a strike price range of $180.0 to $270.0 over the last 30 days.
Constellation Energy Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CEG | CALL | SWEEP | BULLISH | 01/17/25 | $7.0 | $6.0 | $7.0 | $270.00 | $119.0K | 16 | 170 |
| CEG | CALL | SWEEP | BULLISH | 07/19/24 | $2.9 | $2.85 | $2.9 | $240.00 | $65.2K | 307 | 4 |
| CEG | CALL | TRADE | NEUTRAL | 05/17/24 | $10.4 | $9.9 | $10.17 | $195.00 | $50.8K | 136 | 90 |
| CEG | CALL | SWEEP | BULLISH | 07/19/24 | $6.0 | $5.8 | $5.9 | $220.00 | $47.7K | 147 | 81 |
| CEG | CALL | TRADE | BEARISH | 04/19/24 | $11.5 | $10.0 | $10.2 | $180.00 | $38.7K | 356 | 2 |
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.
Present Market Standing of Constellation Energy
- Trading volume stands at 3,130,440, with CEG's price down by -0.33%, positioned at $182.5.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 27 days.
What Analysts Are Saying About Constellation Energy
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $192.25.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Constellation Energy, which currently sits at a price target of $193.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Constellation Energy with a target price of $185.
- An analyst from Morgan Stanley persists with their Overweight rating on Constellation Energy, maintaining a target price of $193.
- An analyst from Evercore ISI Group persists with their Outperform rating on Constellation Energy, maintaining a target price of $198.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Constellation Energy options trades with real-time alerts from Benzinga Pro.
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