Financial giants have made a conspicuous bearish move on C3.ai. Our analysis of options history for C3.ai AI revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $85,090, and 5 were calls, valued at $373,101.
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 $22.5 to $35.0 for C3.ai over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $22.5 to $35.0 in the last 30 days.
C3.ai Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AI | CALL | SWEEP | BULLISH | 03/28/24 | $28.50 | $266.6K | 723 | 9.1K |
| AI | PUT | SWEEP | BEARISH | 04/19/24 | $35.00 | $29.8K | 1.8K | 47 |
| AI | CALL | TRADE | BULLISH | 06/21/24 | $22.50 | $29.1K | 444 | 128 |
| AI | PUT | TRADE | NEUTRAL | 01/17/25 | $25.00 | $27.7K | 2.1K | 50 |
| AI | PUT | TRADE | NEUTRAL | 01/17/25 | $25.00 | $27.5K | 2.1K | 50 |
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.
In light of the recent options history for C3.ai, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of C3.ai
- Trading volume stands at 2,611,277, with AI's price down by -1.02%, positioned at $28.09.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 68 days.
Professional Analyst Ratings for C3.ai
In the last month, 3 experts released ratings on this stock with 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.
- Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Hold rating for C3.ai, targeting a price of $31.
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 C3.ai with Benzinga Pro for real-time alerts.
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