27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bullish stance on Constellation Energy (NASDAQ:CEG).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CEG, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for Constellation Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 64% bullish and 35%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $270,402, and 7 are calls, for a total amount of $1,031,668.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $140.0 and $260.0 for Constellation Energy, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Constellation Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Constellation Energy's substantial trades, within a strike price spectrum from $140.0 to $260.0 over the preceding 30 days.
Constellation Energy Option Activity Analysis: 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 | 07/19/24 | $17.5 | $17.2 | $17.25 | $185.00 | $367.4K | 182 | 2 |
| CEG | CALL | TRADE | BULLISH | 05/17/24 | $36.3 | $34.6 | $36.31 | $150.00 | $210.5K | 107 | 1 |
| CEG | CALL | SWEEP | BULLISH | 01/17/25 | $6.9 | $6.3 | $6.9 | $260.00 | $138.7K | 45 | 201 |
| CEG | CALL | TRADE | BULLISH | 08/16/24 | $20.3 | $19.4 | $20.0 | $185.00 | $100.0K | 67 | 51 |
| CEG | CALL | TRADE | NEUTRAL | 08/16/24 | $19.5 | $18.8 | $19.2 | $185.00 | $96.0K | 67 | 101 |
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.
Present Market Standing of Constellation Energy
- Trading volume stands at 1,763,886, with CEG's price up by 0.61%, positioned at $185.98.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 31 days.
Expert Opinions on Constellation Energy
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $193.0.
- An analyst from Morgan Stanley persists with their Overweight rating on Constellation Energy, maintaining a target price of $193.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Constellation Energy, targeting a price of $193.
- An analyst from Wells Fargo persists with their Overweight rating on Constellation Energy, maintaining a target price of $185.
- An analyst from UBS has decided to maintain their Buy rating on Constellation Energy, which currently sits at a price target of $201.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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