Whales with a lot of money to spend have taken a noticeably bearish stance on Constellation Energy.
Looking at options history for Constellation Energy (NASDAQ:CEG) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $1,161,248 and 8, calls, for a total amount of $342,053.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $165.0 to $200.0 for Constellation Energy over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Constellation Energy stands at 250.0, with a total volume reaching 835.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Constellation Energy, situated within the strike price corridor from $165.0 to $200.0, throughout the last 30 days.
Constellation Energy Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CEG | PUT | SWEEP | BEARISH | 07/19/24 | $5.8 | $5.4 | $5.75 | $165.00 | $820.9K | 180 | 63 |
| CEG | PUT | SWEEP | BEARISH | 05/17/24 | $9.1 | $8.6 | $9.1 | $185.00 | $96.4K | 109 | 0 |
| CEG | PUT | SWEEP | BEARISH | 05/17/24 | $12.2 | $12.0 | $12.0 | $190.00 | $95.5K | 118 | 51 |
| CEG | CALL | SWEEP | BEARISH | 05/17/24 | $8.1 | $8.1 | $8.1 | $195.00 | $80.1K | 1.0K | 168 |
| CEG | CALL | SWEEP | BULLISH | 11/15/24 | $24.7 | $24.6 | $24.7 | $190.00 | $74.1K | 27 | 0 |
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.
Constellation Energy's Current Market Status
- Currently trading with a volume of 1,998,918, the CEG's price is up by 1.62%, now at $189.18.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 14 days.
What Analysts Are Saying About Constellation Energy
In the last month, 1 experts released ratings on this stock with an average target price of $198.0.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Constellation Energy, targeting a price of $198.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Constellation Energy with Benzinga Pro for real-time alerts.