Smart Money Is Betting Big In CFLT Options

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

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 8 options trades for Confluent.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $64,050, and 7, calls, for a total amount of $342,315.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $50.0 for Confluent over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Confluent's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Confluent's significant trades, within a strike price range of $15.0 to $50.0, over the past month.

Confluent 30-Day Option Volume & Interest Snapshot

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.

Having examined the options trading patterns of Confluent, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Confluent

• Currently trading with a volume of 1,540,168, the CFLT's price is down by -0.21%, now at $32.5.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 51 days.

Expert Opinions on Confluent

3 market experts have recently issued ratings for this stock, with a consensus target price of $38.333333333333336.

• An analyst from Mizuho has decided to maintain their Buy rating on Confluent, which currently sits at a price target of $38.
• An analyst from RBC Capital has decided to maintain their Outperform rating on Confluent, which currently sits at a price target of $37.
• In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $40.

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 Confluent options trades with real-time alerts from Benzinga Pro.