Constellation Energy's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | August 21, 2024 02:00pm

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 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.

Posted In: CEG