C3.ai Options Trading: A Deep Dive into Market Sentiment

Investors with significant funds have taken a bullish position in C3.ai AI, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in AI usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 12 options transactions for C3.ai. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 50% being bullish and 50% bearish. Of all the options we discovered, 11 are puts, valued at $619,862, and there was a single call, worth $26,750.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $35.0 for C3.ai over the last 3 months.

Insights into 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 C3.ai'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 C3.ai's whale trades within a strike price range from $25.0 to $35.0 in the last 30 days.

C3.ai 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About C3.ai

C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Suite, is a comprehensive application development and runtime environment that is designed to allow customers to rapidly design, develop, and deploy Enterprise AI applications of any type; C3 AI Applications, include a large and growing family of industry-specific and application-specific turnkey AI solutions that can be immediately installed and deployed; and C3.ai Ex Machina, analytics for applying data science to every-day business decisions.

After a thorough review of the options trading surrounding C3.ai, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is C3.ai Standing Right Now?

• With a volume of 2,189,854, the price of AI is down -2.06% at $28.5.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 75 days.

What The Experts Say On C3.ai

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $28.0.

• Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on C3.ai with a target price of $33.
• An analyst from B of A Securities has decided to maintain their Underperform rating on C3.ai, which currently sits at a price target of $20.
• Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Hold rating on C3.ai with a target price of $31.

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 C3.ai options trades with real-time alerts from Benzinga Pro.