Spotlight on Constellation Energy: Analyzing the Surge in Options Activity

Constellation Energy Group Inc. -1.49%

Constellation Energy Group Inc.




Investors with a lot of money to spend have taken a bearish stance on Constellation Energy (NASDAQ: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 10 uncommon options trades for Constellation Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $436,984, and 2 are calls, for a total amount of $57,819.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $130.0 for Constellation Energy during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Constellation Energy options trades today is 176.8 with a total volume of 1,545.00.

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 $120.0 to $130.0 over the last 30 days.

Constellation Energy Option Activity Analysis: Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CEG PUT SWEEP BEARISH 12/15/23 $125.00 $107.9K 212 0
CEG PUT SWEEP BEARISH 01/19/24 $125.00 $74.3K 210 1
CEG PUT SWEEP BEARISH 05/17/24 $120.00 $69.7K 2 120
CEG PUT SWEEP BULLISH 12/15/23 $120.00 $48.7K 354 110
CEG PUT SWEEP BEARISH 01/19/24 $125.00 $38.4K 210 342

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.

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

Current Position of Constellation Energy

  • Trading volume stands at 976,988, with CEG's price down by -0.88%, positioned at $123.36.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 78 days.

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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