High-rolling investors have positioned themselves bearish on Samsara IOT, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in IOT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Samsara. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $30,855, and 8 calls, totaling $486,220.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $30.0 for Samsara, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Samsara stands at 1087.0, with a total volume reaching 576.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Samsara, situated within the strike price corridor from $25.0 to $30.0, throughout the last 30 days.
Samsara Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IOT | CALL | SWEEP | BEARISH | 08/16/24 | $5.4 | $5.3 | $5.3 | $25.00 | $106.0K | 283 | 0 |
| IOT | CALL | SWEEP | BULLISH | 10/18/24 | $3.3 | $3.2 | $3.3 | $30.00 | $87.4K | 276 | 60 |
| IOT | CALL | TRADE | BEARISH | 06/21/24 | $5.1 | $4.5 | $4.5 | $25.00 | $64.3K | 424 | 0 |
| IOT | CALL | TRADE | BEARISH | 06/21/24 | $5.1 | $4.5 | $4.5 | $25.00 | $55.8K | 424 | 0 |
| IOT | CALL | TRADE | BULLISH | 08/16/24 | $5.3 | $5.2 | $5.3 | $25.00 | $52.4K | 283 | 201 |
About Samsara
Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.
Having examined the options trading patterns of Samsara, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Samsara
- With a volume of 3,467,893, the price of IOT is down -1.77% at $28.89.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 77 days.
Expert Opinions on Samsara
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $40.75.
- An analyst from BMO Capital persists with their Market Perform rating on Samsara, maintaining a target price of $40.
- An analyst from Evercore ISI Group persists with their In-Line rating on Samsara, maintaining a target price of $40.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $47.
- Reflecting concerns, an analyst from Piper Sandler lowers its rating to Neutral with a new price target of $36.
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 Samsara with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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