Constellation Energy's Options Frenzy: What You Need to Know

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 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 11 uncommon options trades for Constellation Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 36%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $823,525, and 7 are calls, for a total amount of $327,670.

What's The Price Target?

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 $230.0 for Constellation Energy over the last 3 months.

Analyzing 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 $180.0 to $230.0 in the last 30 days.

Constellation Energy Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for Constellation Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Constellation Energy's Current Market Status

• Currently trading with a volume of 2,591,998, the CEG's price is up by 0.09%, now at $209.51.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 56 days.

What The Experts Say On Constellation Energy

5 market experts have recently issued ratings for this stock, with a consensus target price of $232.2.

• An analyst from Keybanc has decided to maintain their Overweight rating on Constellation Energy, which currently sits at a price target of $230.
• An analyst from BMO Capital has decided to maintain their Outperform rating on Constellation Energy, which currently sits at a price target of $247.
• An analyst from Morgan Stanley persists with their Overweight rating on Constellation Energy, maintaining a target price of $237.
• An analyst from Mizuho has decided to maintain their Neutral rating on Constellation Energy, which currently sits at a price target of $217.
• An analyst from B of A Securities has decided to maintain their Neutral rating on Constellation Energy, which currently sits at a price target of $230.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Constellation Energy with Benzinga Pro for real-time alerts.