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 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 CLS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Celestica.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,000, and 12, calls, for a total amount of $3,259,794.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $100.0 for Celestica over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Celestica stands at 542.89, with a total volume reaching 7,498.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Celestica, situated within the strike price corridor from $27.5 to $100.0, throughout the last 30 days.
Celestica 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLS | CALL | TRADE | BULLISH | 01/16/26 | $22.3 | $21.6 | $22.1 | $85.00 | $2.2M | 3.0K | 1.0K |
| CLS | CALL | TRADE | BEARISH | 01/17/25 | $23.0 | $22.3 | $22.4 | $62.50 | $257.6K | 453 | 130 |
| CLS | CALL | TRADE | BULLISH | 12/20/24 | $57.0 | $54.8 | $57.0 | $27.50 | $171.0K | 122 | 30 |
| CLS | CALL | SWEEP | BEARISH | 12/20/24 | $2.15 | $2.05 | $2.05 | $95.00 | $153.7K | 304 | 762 |
| CLS | CALL | TRADE | BEARISH | 04/17/25 | $15.9 | $15.3 | $15.3 | $80.00 | $87.2K | 37 | 583 |
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.
Where Is Celestica Standing Right Now?
- Currently trading with a volume of 1,051,582, the CLS's price is up by 3.49%, now at $86.9.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 69 days.
Expert Opinions on Celestica
In the last month, 5 experts released ratings on this stock with an average target price of $75.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Barclays has revised its rating downward to Overweight, adjusting the price target to $91. * An analyst from BMO Capital has decided to maintain their Outperform rating on Celestica, which currently sits at a price target of $72. * An analyst from Stifel persists with their Buy rating on Celestica, maintaining a target price of $70. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Celestica with a target price of $75. * An analyst from TD Cowen persists with their Buy rating on Celestica, maintaining a target price of $70.
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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