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 17 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 17% leaning bullish and 82% bearish. Among these notable options, 10 are puts, totaling $507,135, and 7 are calls, amounting to $268,480.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $70.0 for Celsius Holdings over the recent three months.
Insights into 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 Celsius Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Celsius Holdings's substantial trades, within a strike price spectrum from $40.0 to $70.0 over the preceding 30 days.
Celsius Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CELH | PUT | SWEEP | BEARISH | 06/14/24 | $2.34 | $2.12 | $2.2 | $66.00 | $96.5K | 2.9K | 624 |
| CELH | CALL | TRADE | BEARISH | 06/28/24 | $2.59 | $2.46 | $2.5 | $66.00 | $81.0K | 366 | 11 |
| CELH | PUT | SWEEP | BULLISH | 06/14/24 | $3.75 | $3.6 | $3.6 | $66.00 | $72.0K | 2.9K | 1.4K |
| CELH | PUT | SWEEP | BEARISH | 06/14/24 | $3.3 | $3.3 | $3.3 | $66.00 | $66.0K | 2.9K | 988 |
| CELH | PUT | SWEEP | BEARISH | 06/14/24 | $2.28 | $2.12 | $2.2 | $66.00 | $66.0K | 2.9K | 924 |
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.
Having examined the options trading patterns of Celsius Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Celsius Holdings's Current Market Status
- Trading volume stands at 2,812,837, with CELH's price down by -3.37%, positioned at $63.94.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 56 days.
Expert Opinions on Celsius Holdings
In the last month, 3 experts released ratings on this stock with an average target price of $78.0.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Celsius Holdings with a target price of $84.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Celsius Holdings, targeting a price of $75.
- An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $75.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Celsius Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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