Investors with a lot of money to spend have taken a bearish stance on Celestica CLS.
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 CLS, 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 8 uncommon options trades for Celestica.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 62%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $206,614, and 3 are calls, for a total amount of $110,431.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $47.5 to $70.0 for Celestica during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Celestica's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Celestica's substantial trades, within a strike price spectrum from $47.5 to $70.0 over the preceding 30 days.
Celestica Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLS | PUT | SWEEP | BEARISH | 09/20/24 | $2.15 | $2.1 | $2.15 | $47.50 | $84.0K | 370 | 0 |
| CLS | CALL | SWEEP | NEUTRAL | 01/17/25 | $7.9 | $5.4 | $6.05 | $65.00 | $60.0K | 319 | 1 |
| CLS | PUT | SWEEP | BEARISH | 10/18/24 | $4.4 | $4.3 | $4.4 | $52.50 | $36.9K | 62 | 0 |
| CLS | PUT | SWEEP | BEARISH | 09/20/24 | $10.7 | $10.6 | $10.7 | $65.00 | $31.0K | 12 | 0 |
| CLS | PUT | SWEEP | BEARISH | 06/20/25 | $13.1 | $11.6 | $12.7 | $60.00 | $27.9K | 106 | 0 |
About Celestica
Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.
In light of the recent options history for Celestica, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Celestica
- Currently trading with a volume of 2,868,164, the CLS's price is down by -0.91%, now at $56.32.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 6 days.
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 Celestica 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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