Notable Tuesday Option Activity: C, NOW, CEG

ServiceNow (NOW) and Constellation Energy (CEG) are experiencing substantial options trading volume today, with activity representing 43.8% and 42.2% of their respective average daily share volumes. Notably, NOW's July 2025 $1050 call options are seeing particularly high interest, suggesting long-term bullish positioning or upside hedging, while CEG's August 2025 $270 put options are highly active, indicating significant downside hedging or bearish sentiment.

Analysis

Significant options market activity has been observed in ServiceNow (NOW) and Constellation Energy (CEG), with today's options volume accounting for 43.8% and 42.2% of their respective average daily share volumes. This elevated activity provides a clear signal of investor positioning. For ServiceNow, a notable concentration of volume is in the long-dated July 2025 $1050 strike call options, suggesting a bullish outlook or strategic upside hedging on the part of market participants expecting substantial price appreciation over the next year. Conversely, Constellation Energy is seeing high volume in the August 2025 $270 strike put options, with 3,047 contracts traded. This concentrated bearish bet indicates that investors are either speculating on a significant price decline or, more likely, hedging substantial long positions against potential downside risk through late 2025.

Key Decisions for Investors

• Investors should note the specific bullish positioning in ServiceNow via the July 2025 $1050 call options, which could signal institutional confidence in the company's long-term growth trajectory.