This Is What Whales Are Betting On Constellation Energy

Investors with a lot of money to spend have taken a bullish stance on Constellation Energy CEG.

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 11 options trades for Constellation Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 9%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $27,720, and 10, calls, for a total amount of $2,704,162.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $240.0 for Constellation Energy, spanning the last three months.

Analyzing Volume & Open Interest

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 $200.0 to $240.0 in the last 30 days.

Constellation Energy 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
CEG CALL TRADE BULLISH 01/17/25 $23.1 $21.5 $22.55 $240.00 $1.1M 3.2K 1.0K
CEG CALL TRADE NEUTRAL 01/17/25 $23.3 $22.0 $22.75 $240.00 $1.0M 3.2K 500
CEG CALL SWEEP BULLISH 07/19/24 $10.9 $10.9 $10.9 $220.00 $196.2K 1.3K 186
CEG CALL TRADE BULLISH 07/19/24 $14.9 $14.1 $14.62 $210.00 $58.4K 1.1K 47
CEG CALL TRADE BEARISH 01/17/25 $23.5 $22.7 $22.75 $240.00 $56.8K 3.2K 25

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.

Having examined the options trading patterns of Constellation Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Constellation Energy

  • Trading volume stands at 1,574,087, with CEG's price up by 1.38%, positioned at $217.59.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 51 days.

Expert Opinions on Constellation Energy

In the last month, 5 experts released ratings on this stock with an average target price of $238.8.

  • Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on Constellation Energy with a target price of $230.
  • An analyst from BMO Capital has decided to maintain their Outperform rating on Constellation Energy, which currently sits at a price target of $247.
  • An analyst from Morgan Stanley persists with their Overweight rating on Constellation Energy, maintaining a target price of $237.
  • Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Constellation Energy with a target price of $250.
  • Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Constellation Energy with a target 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.

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Posted In: OptionsMarketsBZI-UOA
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