Investors with a lot of money to spend have taken a bullish stance on CyberArk Software CYBR.
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 CYBR, 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 21 uncommon options trades for CyberArk Software.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 38%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $262,053, and 16 are calls, for a total amount of $1,244,856.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $290.0 for CyberArk Software, spanning the last three months.
Volume & Open Interest Development
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 CyberArk Software'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 CyberArk Software's whale trades within a strike price range from $230.0 to $290.0 in the last 30 days.
CyberArk Software Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CYBR | CALL | TRADE | BULLISH | 07/19/24 | $11.8 | $11.2 | $11.8 | $260.00 | $436.6K | 187 | 371 |
| CYBR | CALL | TRADE | BULLISH | 07/19/24 | $12.0 | $11.7 | $12.0 | $260.00 | $168.0K | 187 | 379 |
| CYBR | CALL | TRADE | BEARISH | 07/19/24 | $12.3 | $12.1 | $12.1 | $260.00 | $137.9K | 187 | 745 |
| CYBR | CALL | SWEEP | BULLISH | 09/20/24 | $11.0 | $10.2 | $11.0 | $290.00 | $95.7K | 1.3K | 453 |
| CYBR | PUT | SWEEP | BULLISH | 09/20/24 | $18.2 | $18.0 | $18.05 | $230.00 | $72.3K | 338 | 56 |
About CyberArk Software
CyberArk Software Ltd provides Information technology security solutions to protect data, infrastructure, and assets across the enterprise. The company's software solutions are focused on protecting privileged accounts, credentials, and secrets. Its products and services include Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager (PSM), Enterprise Password Vault (EPV), PrivateArk, and Privilege Cloud, among others. Geographically, it generates maximum revenue from the United States and also has a presence in Europe, Middle East and Africa and Other countries.
Having examined the options trading patterns of CyberArk Software, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
CyberArk Software's Current Market Status
- Trading volume stands at 298,039, with CYBR's price down by -1.51%, positioned at $239.9.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 2 days.
Professional Analyst Ratings for CyberArk Software
In the last month, 2 experts released ratings on this stock with an average target price of $307.5.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $300.
- An analyst from B of A Securities downgraded its action to Buy with a price target of $315.
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 CyberArk Software with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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