Decoding Constellation Energy's Options Activity: What's the Big Picture?

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 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 24 uncommon options trades for Constellation Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 45% bullish and 45%, bearish.

Out of all of the special options we uncovered, 11 are puts, for a total amount of $1,752,153, and 13 are calls, for a total amount of $1,487,590.

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Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $450.0 for Constellation Energy over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Constellation Energy options trades today is 269.18 with a total volume of 936.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Constellation Energy's big money trades within a strike price range of $100.0 to $450.0 over the last 30 days.

Constellation Energy Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Constellation Energy

Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.

Following our analysis of the options activities associated with Constellation Energy, we pivot to a closer look at the company's own performance.

Constellation Energy's Current Market Status

• Trading volume stands at 1,341,395, with CEG's price down by -2.57%, positioned at $200.11.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 38 days.

What Analysts Are Saying About Constellation Energy

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $311.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from JP Morgan has decided to maintain their Overweight rating on Constellation Energy, which currently sits at a price target of $311.

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.