CEP Soars 23.58% on Merger Approval: A New Era for Bitcoin-Backed Capital?

Summary
• CEP shareholders greenlit a merger with Twenty One Capital, clearing the path for a NYSE listing on Dec. 9
• The combined entity will hold 43,514 BTC ($4B) and debut as the largest NYSE-listed Bitcoin treasury firm
• Intraday price surged from $12.9 to $17.69, driven by regulatory clarity and institutional backing

Cantor Equity (CEP) is surging 23.58% on the back of a landmark shareholder vote approving its merger with Bitcoin-native firm Twenty One Capital. The deal, set to close by Dec. 8, will see the combined entity trade as XXI on the NYSE, positioning it as the second-largest digital asset treasury firm globally. With Bitcoin’s price volatility and the sector’s regulatory tailwinds, CEP’s intraday range of $12.9–$17.69 underscores the market’s appetite for crypto-linked equities.

Merger Approval Ignites CEP's Bullish Surge
CEP’s explosive 23.58% rally stems from the shareholder-approved merger with Twenty One Capital, a Bitcoin-focused entity backed by Tether, SoftBank, and Cantor Fitzgerald. The deal, announced on Dec. 3, clears regulatory hurdles for the NYSE listing on Dec. 9. The merger’s strategic timing—leveraging Bitcoin’s $92,672 price and growing institutional demand for crypto exposure—has galvanized retail and institutional investors. Cantor Fitzgerald’s legacy in capital markets and Twenty One’s Bitcoin accumulation strategy position the combined entity as a unique play on digital asset adoption, driving immediate liquidity and speculative fervor.

Options Playbook: Capitalizing on CEP's Volatility
• RSI: 30.36 (oversold)
• MACD: -1.658 (bearish), Signal Line: -1.606, Histogram: -0.052
• Bollinger Bands: Upper $17.82, Middle $14.47, Lower $11.12
• 200D MA: $23.12 (above current price)

CEP’s technicals suggest a short-term rebound after hitting oversold RSI levels, but long-term bearish trends persist. Key support at $14.47 (middle Bollinger Band) and resistance at $17.82 (upper band) define the near-term range. The 200-day MA at $23.12 remains a distant target, but the 52W high of $59.75 is out of reach without a Bitcoin-driven rally. For options, focus on near-term contracts with high leverage and liquidity.

Top Option 1: CEP20251219C15
• Code: CEP20251219C15
• Type: Call
• Strike Price: $15
• Expiration: 2025-12-19
• IV Ratio: 197.21% (extreme volatility)
• Leverage Ratio: 6.54%
• Delta: 0.557 (moderate sensitivity)
• Theta: -0.089 (rapid time decay)
• Gamma: 0.0656 (high sensitivity to price swings)
• Turnover: 16,789

This call option offers aggressive upside potential if CEP breaks above $15 ahead of the Dec. 9 listing. The high gamma and delta suggest it will react sharply to price movements, while the 197% IV reflects market anticipation of volatility. A 5% upside from $14.63 to $15.36 would yield a payoff of $0.36 per share (max(0, 15.36 - 15)).

Top Option 2: CEP20260417C15
• Code: CEP20260417C15
• Type: Call
• Strike Price: $15
• Expiration: 2026-04-17
• IV Ratio: 121.85% (moderate)
• Leverage Ratio: 3.52%
• Delta: 0.638 (high sensitivity)
• Theta: -0.0166 (slow decay)
• Gamma: 0.0347 (moderate sensitivity)
• Turnover: 146,415

This longer-dated call provides exposure to CEP’s post-listing momentum. The 121% IV and high turnover indicate strong liquidity. A 5% upside to $15.36 would yield $0.36 per share (max(0, 15.36 - 15)).

Hook: Aggressive bulls may consider CEP20251219C15 into a breakout above $15, while longer-term players can position with CEP20260417C15 for post-listing gains.

Backtest Cantor Equity Stock Performance
I ran into an error while trying to retrieve CEP’s historical daily prices—our data source couldn’t locate a security with the simple ticker “CEP.” To move forward, could you help clarify two points?1. Ticker details • What exchange / exact symbol are you referring to? (e.g., US-listed “CEQP” for Crestwood Equity Partners, or something else?) • If it’s an ADR or non-US listing, please specify the full symbol and market.2. Surge definition • Do you want to flag a “24 % intraday surge” as a one-day percentage gain in closing price vs. the previous close (i.e., daily return ≥ 24 %), or something more specific such as high-low range within the same day? Once I have those details I can fetch the correct data, identify all ≥ 24 % surge dates from 2022-01-01 to today, and run the event-based backtest for you.

CEP's Merger-Driven Rally: A High-Volatility Play with Clear Catalysts
CEP’s 23.58% surge is a direct result of the merger’s regulatory clearance and the impending NYSE listing, which positions it as a unique Bitcoin treasury play. While technicals remain bearish, the oversold RSI and key support/resistance levels suggest a short-term rebound. Investors should monitor the Dec. 9 listing and Bitcoin’s price action, as the combined entity’s $4B Bitcoin holdings could amplify volatility. Sector leader MSTR (Strategy) rose 0.47% today, underscoring the sector’s cautious optimism. Act now: Position for the NYSE debut or hedge with CEP20251219P15 if downside risks emerge.