Financial giants have made a conspicuous bullish move on SentinelOne. Our analysis of options history for SentinelOne S revealed 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $443,098, and 3 were calls, valued at $2,146,860.
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 $18.0 to $33.0 for SentinelOne during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of SentinelOne stands at 1034.33, with a total volume reaching 4,801.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SentinelOne, situated within the strike price corridor from $18.0 to $33.0, throughout the last 30 days.
SentinelOne 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 |
|---|---|---|---|---|---|---|---|---|
| S | CALL | TRADE | BULLISH | 01/17/25 | $18.00 | $1.3M | 2.9K | 2.5K |
| S | CALL | SWEEP | BULLISH | 01/17/25 | $18.00 | $747.7K | 2.9K | 799 |
| S | PUT | SWEEP | BULLISH | 03/15/24 | $29.00 | $198.8K | 1.1K | 739 |
| S | CALL | SWEEP | BEARISH | 01/17/25 | $18.00 | $82.4K | 2.9K | 80 |
| S | PUT | SWEEP | BULLISH | 03/15/24 | $29.00 | $81.0K | 1.1K | 234 |
About SentinelOne
SentinelOne is a cloud-based cybersecurity company specializing in endpoint protection. SentinelOne's primary offering is its Singularity platform that offers a single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The California-based firm was founded in 2013 and went public in 2021.
Having examined the options trading patterns of SentinelOne, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
SentinelOne's Current Market Status
- With a volume of 5,372,579, the price of S is down -10.81% at $26.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 21 days.
Expert Opinions on SentinelOne
2 market experts have recently issued ratings for this stock, with a consensus target price of $31.5.
- An analyst from Goldman Sachs persists with their Neutral rating on SentinelOne, maintaining a target price of $28.
- An analyst from B of A Securities has elevated its stance to Buy, setting a new price target at $35.
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 SentinelOne options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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