Salesforce's Options: A Look at What the Big Money is Thinking

High-rolling investors have positioned themselves bullish on Salesforce CRM, 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 CRM often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 15 options trades for Salesforce. This is not a typical pattern.

The sentiment among these major traders is split, with 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $26,800, and 14 calls, totaling $1,978,209.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $360.0 for Salesforce during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Salesforce's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Salesforce's substantial trades, within a strike price spectrum from $210.0 to $360.0 over the preceding 30 days.

Salesforce Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Salesforce

Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

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

Current Position of Salesforce

• Trading volume stands at 1,117,621, with CRM's price up by 0.74%, positioned at $282.0.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 30 days.

Expert Opinions on Salesforce

4 market experts have recently issued ratings for this stock, with a consensus target price of $297.0.

• An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $293.
• Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Salesforce with a target price of $310.
• In a positive move, an analyst from Baird has upgraded their rating to Outperform and adjusted the price target to $300.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Salesforce, targeting a price of $285.

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. Stay informed about the latest Salesforce options trades with real-time alerts from Benzinga Pro.