<p>High-rolling investors have positioned themselves bullish on Constellation Energy (NASDAQ:CEG), and it's important for retail traders to take note.
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CEG often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 12 options trades for Constellation Energy. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 91% bullish and 8% bearish. Among all the options we identified, there was one put, amounting to $59,300, and 11 calls, totaling $667,170.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $240.0 to $350.0 for Constellation Energy over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Constellation Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Constellation Energy's whale trades within a strike price range from $240.0 to $350.0 in the last 30 days. </p>
<h3>Constellation Energy Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1771340454_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Options Call Chart" width="1500" height="800" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1771340454_0.png"/></p>

<h3>Biggest Options Spotted:</h3>
<p></p><table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$37.0</td>
<td>$35.5</td>
<td>$37.0</td>
<td>$350.00</td>
<td>$125.8K</td>
<td align="right">337</td>
<td align="right">36</td>
</tr>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/27/26</td>
<td>$23.0</td>
<td>$21.4</td>
<td>$23.0</td>
<td>$290.00</td>
<td>$115.0K</td>
<td align="right">16</td>
<td align="right">102</td>
</tr>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/27/26</td>
<td>$23.3</td>
<td>$20.6</td>
<td>$22.49</td>
<td>$290.00</td>
<td>$112.4K</td>
<td align="right">16</td>
<td align="right">1</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/26</td>
<td>$59.9</td>
<td>$59.3</td>
<td>$59.3</td>
<td>$350.00</td>
<td>$59.3K</td>
<td align="right">15</td>
<td align="right">10</td>
</tr>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/26</td>
<td>$55.6</td>
<td>$55.1</td>
<td>$55.6</td>
<td>$250.00</td>
<td>$55.6K</td>
<td align="right">67</td>
<td align="right">11</td>
</tr>
</tbody>
</table><p></p>
<h3>About Constellation Energy</h3>
<p>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.</p>
<p>Having examined the options trading patterns of Constellation Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Constellation Energy Standing Right Now?</h3>
<ul>
<li>With a trading volume of 543,125, the price of CEG is up by 3.05%, reaching $289.49.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 14 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Constellation Energy</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $408.0.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Constellation Energy with a target price of $460. </li>
<li>Reflecting concerns, an analyst from Barclays lowers its rating to Overweight with a new price target of $356.</li>
</ul>
<p>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.</p>

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<p>High-rolling investors are bullish on Constellation Energy (NASDAQ:CEG), with 91% of options trades indicating positive sentiment. Recent activity shows a targeted price range of $240 to $350 over the last three months. The stock is currently trading at $289.49, up 3.05%. Analysts have set an average price target of $408, with one rating it Overweight at $460. Options trading carries risks, and traders are advised to stay informed and adapt their strategies accordingly.</p>

What the Options Market Tells Us About Constellation Energy