Investors with a lot of money to spend have taken a bearish stance on Constellation Energy CEG.
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 CEG, 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 10 uncommon options trades for Constellation Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 60%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $259,260, and 7 are calls, for a total amount of $531,830.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $260.0 for Constellation Energy, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $200.0 to $260.0 in the last 30 days.
Constellation Energy Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CEG | CALL | SWEEP | BEARISH | 10/25/24 | $12.3 | $11.9 | $12.1 | $260.00 | $121.0K | 21 | 100 |
| CEG | PUT | TRADE | BEARISH | 01/17/25 | $12.0 | $11.1 | $12.0 | $230.00 | $120.0K | 259 | 100 |
| CEG | PUT | TRADE | BULLISH | 11/15/24 | $14.1 | $13.8 | $13.8 | $260.00 | $110.4K | 421 | 86 |
| CEG | CALL | TRADE | BEARISH | 10/11/24 | $11.1 | $9.6 | $10.0 | $255.00 | $99.0K | 145 | 101 |
| CEG | CALL | TRADE | NEUTRAL | 09/19/25 | $89.9 | $87.7 | $88.8 | $200.00 | $88.8K | 0 | 10 |
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.
Following our analysis of the options activities associated with Constellation Energy, we pivot to a closer look at the company's own performance.
Current Position of Constellation Energy
- Trading volume stands at 1,145,248, with CEG's price up by 1.44%, positioned at $266.05.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 25 days.
What Analysts Are Saying About Constellation Energy
In the last month, 5 experts released ratings on this stock with an average target price of $279.4.
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 Morgan Stanley persists with their Overweight rating on Constellation Energy, maintaining a target price of $313. * Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Constellation Energy, targeting a price of $256. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Constellation Energy, which currently sits at a price target of $300. * An analyst from Keybanc has decided to maintain their Overweight rating on Constellation Energy, which currently sits at a price target of $265. * Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Constellation Energy with a target price of $263.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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