Financial giants have made a conspicuous bearish move on Salesforce. Our analysis of options history for Salesforce CRM revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $177,900, and 6 were calls, valued at $1,237,101.
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 $175.0 to $290.0 for Salesforce during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Salesforce stands at 630.5, with a total volume reaching 550.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Salesforce, situated within the strike price corridor from $175.0 to $290.0, throughout the last 30 days.
Salesforce Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRM | CALL | TRADE | BULLISH | 01/16/26 | $290.00 | $994.5K | 888 | 153 |
| CRM | PUT | SWEEP | NEUTRAL | 04/19/24 | $260.00 | $131.6K | 1.2K | 302 |
| CRM | CALL | TRADE | BULLISH | 01/17/25 | $175.00 | $126.7K | 351 | 0 |
| CRM | PUT | TRADE | NEUTRAL | 01/16/26 | $230.00 | $46.2K | 46 | 25 |
| CRM | CALL | TRADE | NEUTRAL | 01/17/25 | $190.00 | $34.2K | 792 | 3 |
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
- With a volume of 923,044, the price of CRM is up 0.59% at $290.55.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 20 days.
Professional Analyst Ratings for Salesforce
In the last month, 3 experts released ratings on this stock with an average target price of $301.0.
- Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Salesforce, targeting a price of $310.
- An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $293.
- Showing optimism, an analyst from Baird upgrades its rating to Outperform with a revised price target of $300.
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 Salesforce with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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