High-rolling investors have positioned themselves bearish on Celestica CLS, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CLS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Celestica. This is not a typical pattern.
The sentiment among these major traders is split, with 40% bullish and 60% bearish. Among all the options we identified, there was one put, amounting to $46,640, and 9 calls, totaling $640,266.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $57.5 for Celestica over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Celestica'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 Celestica's whale trades within a strike price range from $15.0 to $57.5 in the last 30 days.
Celestica 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLS | CALL | SWEEP | BULLISH | 04/19/24 | $2.25 | $2.2 | $2.25 | $50.00 | $111.2K | 7.2K | 1.7K |
| CLS | CALL | TRADE | BEARISH | 04/19/24 | $2.35 | $2.15 | $2.2 | $50.00 | $110.0K | 7.2K | 2.2K |
| CLS | CALL | SWEEP | BEARISH | 04/19/24 | $2.15 | $2.0 | $2.0 | $50.00 | $100.0K | 7.2K | 2.7K |
| CLS | CALL | TRADE | BEARISH | 04/19/24 | $2.4 | $2.15 | $2.25 | $50.00 | $64.8K | 7.2K | 1.1K |
| CLS | CALL | SWEEP | BEARISH | 04/19/24 | $2.65 | $2.35 | $2.59 | $50.00 | $62.8K | 7.2K | 584 |
About Celestica
Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.
In light of the recent options history for Celestica, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Celestica's Current Market Status
- With a volume of 1,031,719, the price of CLS is up 2.11% at $50.3.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 20 days.
Expert Opinions on Celestica
In the last month, 1 experts released ratings on this stock with an average target price of $56.0.
- Reflecting concerns, an analyst from Cormark Securities lowers its rating to Buy with a new price target of $56.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Celestica, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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