Deep-pocketed investors have adopted a bearish approach towards Celsius Holdings CELH, 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 CELH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Celsius Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 18% leaning bullish and 81% bearish. Among these notable options, 4 are puts, totaling $165,795, and 7 are calls, amounting to $1,353,845.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $80.0 for Celsius Holdings during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Celsius Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Celsius Holdings's substantial trades, within a strike price spectrum from $60.0 to $80.0 over the preceding 30 days.
Celsius Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CELH | CALL | TRADE | BEARISH | 03/15/24 | $60.00 | $1.0M | 7.1K | 1.5K |
| CELH | CALL | SWEEP | BULLISH | 04/19/24 | $70.00 | $156.0K | 2.0K | 405 |
| CELH | CALL | TRADE | BEARISH | 01/17/25 | $70.00 | $65.4K | 2.0K | 12 |
| CELH | PUT | SWEEP | BEARISH | 04/19/24 | $60.00 | $60.0K | 487 | 271 |
| CELH | CALL | SWEEP | BULLISH | 03/08/24 | $65.00 | $38.5K | 254 | 140 |
About Celsius Holdings
Celsius Holdings plays in the energy drink subsegment of the global nonalcoholic beverage market, with 94% of revenue concentrated in North America. Celsius' products contain natural ingredients and a metabolism-enhancing formulation, appealing to fitness and active lifestyle enthusiasts. The firm's portfolio includes its namesake Celsius Originals beverages (including those that are naturally caffeinated with stevia) and Celsius On-the-Go powder packets. Celsius focuses its time on branding and innovation, while it utilizes third parties for the manufacturing, packaging, and distribution of its products. In 2022, Celsius forged a 20-year distribution agreement with PepsiCo, which holds an 8.5% stake in the business.
After a thorough review of the options trading surrounding Celsius Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Celsius Holdings Standing Right Now?
- Currently trading with a volume of 2,022,058, the CELH's price is down by -0.14%, now at $64.04.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 6 days.
Professional Analyst Ratings for Celsius Holdings
3 market experts have recently issued ratings for this stock, with a consensus target price of $69.0.
- An analyst from Stifel has decided to maintain their Buy rating on Celsius Holdings, which currently sits at a price target of $67.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $75.
- An analyst from Maxim Group has elevated its stance to Buy, setting a new price target at $65.
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 Celsius Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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