Deep-pocketed investors have adopted a bearish approach towards Celsius Holdings CELH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CELH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Celsius Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 56% bearish. Among these notable options, 3 are puts, totaling $137,508, and 13 are calls, amounting to $521,676.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $100.0 for Celsius Holdings over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Celsius Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Celsius Holdings's significant trades, within a strike price range of $40.0 to $100.0, over the past month.
Celsius Holdings 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CELH | PUT | TRADE | BEARISH | 10/18/24 | $22.05 | $21.75 | $22.05 | $80.00 | $61.7K | 990 | 1 |
| CELH | CALL | SWEEP | BEARISH | 08/16/24 | $3.8 | $3.75 | $3.75 | $70.00 | $60.3K | 450 | 100 |
| CELH | CALL | TRADE | BEARISH | 01/16/26 | $29.85 | $28.0 | $28.0 | $45.00 | $56.0K | 573 | 1 |
| CELH | CALL | TRADE | BEARISH | 06/20/25 | $29.8 | $26.7 | $27.8 | $40.00 | $50.0K | 4 | 0 |
| CELH | PUT | TRADE | BEARISH | 07/19/24 | $19.5 | $18.85 | $19.5 | $80.00 | $48.7K | 1.0K | 0 |
About Celsius Holdings
Celsius Holdings plays in the energy drink subsegment of the global nonalcoholic beverage market, with 96% of revenue concentrated in North America. Celsius' products contain natural ingredients and a metabolism-enhancing formulation, appealing to fitness and active lifestyle enthusiasts. The firm's portfolio includes its namesake Celsius Originals beverages (including those that are naturally caffeinated with stevia), Celsius Essentials line (containing aminos), and Celsius On-the-Go powder packets. Celsius dedicates its efforts to branding and innovation, while it utilizes third parties for the manufacturing, packaging, and distribution of its products. In 2022, Celsius forged a 20-year distribution agreement with PepsiCo, which holds an 8.5% stake in the business.
Current Position of Celsius Holdings
- With a volume of 1,691,233, the price of CELH is up 4.57% at $61.09.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 49 days.
Professional Analyst Ratings for Celsius Holdings
5 market experts have recently issued ratings for this stock, with a consensus target price of $87.8.
- An analyst from Stifel persists with their Buy rating on Celsius Holdings, maintaining a target price of $85.
- An analyst from B of A Securities persists with their Neutral rating on Celsius Holdings, maintaining a target price of $84.
- An analyst from Jefferies persists with their Buy rating on Celsius Holdings, maintaining a target price of $98.
- Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Celsius Holdings with a target price of $85.
- An analyst from Roth MKM has decided to maintain their Buy rating on Celsius Holdings, which currently sits at a price target of $87.
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 Celsius Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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