Smart Money Is Betting Big In CEG Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a significant interest in Constellation Energy (NASDAQ:CEG) options, with a bearish stance overall. Benzinga's options scanner revealed 8 unusual trades, indicating a mixed sentiment but leaning towards bearish with 62% bearish and 37% bullish trades. The trades suggest a target price range of $180 to $195 for CEG in the next three months. The largest trades include both calls and puts, with a notable bearish call at a strike price of $195 expiring on 01/17/25 and a bearish put at $180 expiring on 05/17/24. Constellation Energy, an energy solutions provider, has seen its stock price increase by 0.45% to $186.24, with an upcoming earnings report in 21 days. Analysts have a consensus target price of approximately $194.67 for CEG, with ratings from Morgan Stanley and Evercore ISI Group indicating a positive outlook.

April 18, 2024 | 5:16 pm
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NEUTRAL IMPACT
Significant bearish options activity detected for Constellation Energy, with a price target range of $180 to $195. Analysts remain bullish with a consensus target price of $194.67. Stock currently at $186.24.
The bearish options activity suggests market participants are preparing for potential downside, despite analyst optimism and a recent price uptick. The upcoming earnings report could be a pivotal event, influencing short-term price movements. The mixed sentiment in options trading, alongside analyst ratings, creates uncertainty, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100