Deep-pocketed investors have adopted a bullish approach towards Constellation Energy ( CEG ) , 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 CEG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Constellation Energy ( CEG ). This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 33% bearish. Among these notable options, 3 are puts, totaling $248,700, and 6 are calls, amounting to $278,260.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $310.0 for Constellation Energy ( CEG ) during the past quarter.
In terms of liquidity and interest, the mean open interest for Constellation Energy ( CEG ) options trades today is 259.17 with a total volume of 115.00.
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 ( CEG ) big money trades within a strike price range of $100.0 to $310.0 over the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CEG | PUT | SWEEP | BULLISH | 12 | 0 | ||||||
| CEG | CALL | SWEEP | BEARISH | 353 | 0 | ||||||
| CEG | PUT | TRADE | BULLISH | 0 | 10 | ||||||
| CEG | PUT | TRADE | BULLISH | 0 | 0 | ||||||
| CEG | CALL | TRADE | BEARISH | 1.1K | 26 |
Constellation Energy Corp ( CEG ) 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.
Currently trading with a volume of 897,563, the CEG's price is down by -0.49%, now at $217.06.
RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
Anticipated earnings release is in 38 days.
In the last month, 5 experts released ratings on this stock with an average target price of $235.0.
An analyst from Morgan Stanley persists with their Overweight rating on Constellation Energy ( CEG ), maintaining a target price of $241.
An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $218.
Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Constellation Energy ( CEG ), targeting a price of $249.
An analyst from Morgan Stanley has decided to maintain their Overweight rating on Constellation Energy ( CEG ), which currently sits at a price target of $237.
Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Constellation Energy ( CEG ), 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 ( CEG ) options trades with real-time alerts from Benzinga Pro.