Confluent Unusual Options Activity

Investors with a lot of money to spend have taken a bullish stance on Confluent CFLT.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CFLT, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Confluent.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $192,121, and 7 are calls, for a total amount of $219,581.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $42.0 for Confluent over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Confluent's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Confluent's whale trades within a strike price range from $20.0 to $42.0 in the last 30 days.

Confluent Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Confluent

Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors.

Where Is Confluent Standing Right Now?

• Trading volume stands at 2,264,677, with CFLT's price up by 1.57%, positioned at $34.84.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 58 days.

Professional Analyst Ratings for Confluent

In the last month, 5 experts released ratings on this stock with an average target price of $32.8.

• An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $40.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Confluent, targeting a price of $26.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Confluent, targeting a price of $37.
• An analyst from Goldman Sachs persists with their Neutral rating on Confluent, maintaining a target price of $27.
• An analyst from Mizuho persists with their Buy rating on Confluent, maintaining a target price of $34.

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 Confluent with Benzinga Pro for real-time alerts.