Deep-pocketed investors have adopted a bearish approach towards Celestica (NYSE:CLS), 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 CLS usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Celestica. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 20% leaning bullish and 55% bearish. Among these notable options, 3 are puts, totaling $120,280, and 17 are calls, amounting to $746,958.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $175.0 for Celestica, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Celestica stands at 601.94, with a total volume reaching 980.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Celestica, situated within the strike price corridor from $85.0 to $175.0, throughout the last 30 days.

Celestica Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Celestica

After a thorough review of the options trading surrounding Celestica, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Celestica's Current Market Status

• With a volume of 3,283,755, the price of CLS is up 8.55% at $131.21.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 78 days.

What Analysts Are Saying About Celestica

In the last month, 4 experts released ratings on this stock with an average target price of $125.25.

Turn $1000 into $1270 in just 20 days?

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.