Spotlight on Atlassian: Analyzing the Surge in Options Activity

Financial giants have made a conspicuous bearish move on Atlassian. Our analysis of options history for Atlassian TEAM revealed 9 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $447,156, and 4 were calls, valued at $179,621.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $180.0 to $260.0 for Atlassian during the past quarter.

Volume & Open Interest Trends

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 Atlassian'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 Atlassian's whale trades within a strike price range from $180.0 to $260.0 in the last 30 days.

Atlassian 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Atlassian

Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.

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

Present Market Standing of Atlassian

• Trading volume stands at 1,656,124, with TEAM's price down by -0.65%, positioned at $192.0.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 37 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Atlassian, Benzinga Pro gives you real-time options trades alerts.