Whales with a lot of money to spend have taken a noticeably bearish stance on Constellation Energy.
Looking at options history for Constellation Energy CEG we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $304,050 and 9, calls, for a total amount of $719,478.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $175.0 and $240.0 for Constellation Energy, spanning the last three months.
Volume & Open Interest Trends
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 $175.0 to $240.0 in the last 30 days.
Constellation Energy Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CEG | CALL | TRADE | BEARISH | 01/16/26 | $28.7 | $27.7 | $27.8 | $240.00 | $278.0K | 38 | 100 |
| CEG | PUT | SWEEP | BULLISH | 11/15/24 | $12.7 | $12.5 | $12.5 | $190.00 | $187.5K | 338 | 152 |
| CEG | CALL | TRADE | BEARISH | 11/15/24 | $12.2 | $11.7 | $11.8 | $210.00 | $142.7K | 3.0K | 238 |
| CEG | CALL | SWEEP | BEARISH | 11/15/24 | $12.4 | $11.9 | $11.9 | $210.00 | $103.5K | 3.0K | 117 |
| CEG | PUT | SWEEP | BEARISH | 09/20/24 | $1.75 | $1.6 | $1.75 | $175.00 | $76.8K | 468 | 474 |
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.
Current Position of Constellation Energy
- With a volume of 864,106, the price of CEG is up 2.88% at $196.21.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 75 days.
What Analysts Are Saying About Constellation Energy
4 market experts have recently issued ratings for this stock, with a consensus target price of $210.5.
- An analyst from Barclays has revised its rating downward to Overweight, adjusting the price target to $211.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Constellation Energy, targeting a price of $212.
- Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Constellation Energy, targeting a price of $189.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Constellation Energy, targeting a price of $230.
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 Constellation Energy options trades with real-time alerts from Benzinga Pro.
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