Market Whales and Their Recent Bets on CLS Options

Investors with a lot of money to spend have taken a bearish stance on Celestica CLS.

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 CLS, 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 14 uncommon options trades for Celestica.

This isn’t normal.

The overall sentiment of these big-money traders is split between 42% bullish and 50%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $335,120, and 9 are calls, for a total amount of $706,320.

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 $110.0 to $160.0 for Celestica during the past quarter.

Analyzing Volume & Open Interest

In today’s trading context, the average open interest for options of Celestica stands at 329.64, with a total volume reaching 1,036.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Celestica, situated within the strike price corridor from $110.0 to $160.0, throughout the last 30 days.

Celestica Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Celestica

Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.

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

Present Market Standing of Celestica

• Currently trading with a volume of 1,959,223, the CLS’s price is up by 1.69%, now at $125.0.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 5 days.

Professional Analyst Ratings for Celestica

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $115.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Celestica with a target price of $115.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Celestica with Benzinga Pro for real-time alerts.