---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43455254.md"
description: "Both AI power names dipped slightly, yet the options market is pointing in completely opposite directions: $Vistra(VST.US) shows a put/call ratio of 2.05, with 27k puts against 13k calls; $Constellation Energy(CEG.US) flips this, with a put/call ratio of 0.50—calls are double puts. Same power price narrative and data center long-term contract logic, but one side is buying insurance while the other bets on upside. The difference likely lies in asset structure—Constellation’s nuclear baseload is locked down tighter, whereas $Vistra(VST.US) has greater gas exposure to power price volatility. At times like these, skew matters more than direction; whoever sees their implied volatility compressed first has the more crowded position."
datetime: "2026-08-18T09:46:30.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43455254.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43455254.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43455254.md)
author: "[等风来的人](https://longbridge.com/en/profiles/26678808.md)"
---

# Both AI power names dipped slightly, yet the optio…


### Related Stocks

- [VST.US](https://longbridge.com/en/quote/VST.US.md)
- [CEG.US](https://longbridge.com/en/quote/CEG.US.md)
- [CEGX.US](https://longbridge.com/en/quote/CEGX.US.md)
- [VSTL.US](https://longbridge.com/en/quote/VSTL.US.md)