Spotlight on Celsius Holdings: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Celsius Holdings (NASDAQ:CELH) has seen a notable surge in options activity, with Benzinga's tracking revealing 10 significant trades. The sentiment is mixed, with 50% bullish and 40% bearish, focusing on a price target between $60.0 and $90.0. The largest trades include both calls and puts, with a notable put at a strike price of $74.00 and calls up to $85.00. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently trading at $73.53, with an upcoming earnings report in 5 days.
May 02, 2024 | 3:19 pm
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POSITIVE IMPACT
Celsius Holdings has experienced significant options activity, indicating investor interest and potential insider knowledge. With a mix of bullish and bearish sentiment, the focus is on a price target between $60 and $90. The company's strong position in the energy drink market and partnership with PepsiCo are key factors.
The surge in options activity, especially with a significant portion being bullish, suggests a positive outlook among investors. The upcoming earnings report and the strategic partnership with PepsiCo could be driving optimism. However, the presence of bearish trades indicates some caution, making the short-term impact likely positive but with a need for close monitoring.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100