High-rolling investors have positioned themselves bullish on Constellation Energy (NASDAQ:CEG), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CEG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Constellation Energy. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $202,500, and 9 calls, totaling $711,660.
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 $190.0 and $240.0 for Constellation Energy, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Constellation Energy options trades today is 1059.57 with a total volume of 223.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Constellation Energy's big money trades within a strike price range of $190.0 to $240.0 over 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 | TRADE | BEARISH | 01/17/25 | $18.3 | $16.2 | $16.6 | $240.00 | $332.0K | 1.1K | 0 |
| CEG | PUT | TRADE | BULLISH | 07/19/24 | $2.1 | $1.3 | $1.35 | $190.00 | $202.5K | 3.1K | 12 |
| CEG | CALL | SWEEP | BULLISH | 11/15/24 | $37.1 | $35.1 | $36.56 | $190.00 | $72.9K | 65 | 0 |
| CEG | CALL | SWEEP | BULLISH | 08/16/24 | $11.5 | $10.6 | $11.5 | $220.00 | $57.5K | 937 | 5 |
| CEG | CALL | SWEEP | BULLISH | 11/15/24 | $22.0 | $21.9 | $22.0 | $220.00 | $55.0K | 384 | 20 |
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.
After a thorough review of the options trading surrounding Constellation Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Constellation Energy
- With a trading volume of 594,109, the price of CEG is up by 5.24%, reaching $210.76.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 31 days from now.
Professional Analyst Ratings for Constellation Energy
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $236.0.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $218.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Constellation Energy, targeting a price of $241.
- An analyst from UBS persists with their Buy rating on Constellation Energy, maintaining a target price of $249.
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.