Calls Purchased on Constellation Energy (CEG)

Shares of Constellation Energy Group Inc.

are higher on the session by 0.12%, currently trading at $32.95. The stock has been moving largely lower over the past three months and is now in a technical downtrend. Options traders are buying calls on the name, though. The August $35.00 call was purchased, on the offer, 1,230 times; open interest on the strike is 1,440 contracts. Call volume is currently running at 8.43x the daily average. Constellation Energy Group, Inc. is an energy company that conducts its business through various subsidiaries, including a merchant energy business and Baltimore Gas and Electric Company. The company's merchant energy business is provider of energy-related products and services for a variety of customers.