Whales with a lot of money to spend have taken a noticeably bullish stance on Salesforce.
Looking at options history for Salesforce CRM we detected 36 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 27 are puts, for a total amount of $1,603,732 and 9, calls, for a total amount of $384,139.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $165.0 and $380.0 for Salesforce, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Salesforce stands at 1404.95, with a total volume reaching 1,841.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Salesforce, situated within the strike price corridor from $165.0 to $380.0, throughout the last 30 days.
Salesforce 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | PUT | TRADE | BEARISH | 12/20/24 | $9.35 | $9.05 | $9.35 | $230.00 | $280.5K | 1.4K | 0 |
| CRM | PUT | SWEEP | BULLISH | 01/16/26 | $19.45 | $19.4 | $19.4 | $220.00 | $176.5K | 518 | 35 |
| CRM | PUT | SWEEP | BULLISH | 01/16/26 | $28.1 | $26.8 | $26.8 | $240.00 | $109.8K | 1.0K | 9 |
| CRM | PUT | TRADE | BULLISH | 01/17/25 | $10.35 | $10.2 | $10.25 | $230.00 | $102.5K | 1.9K | 83 |
| CRM | PUT | SWEEP | BULLISH | 01/17/25 | $10.25 | $10.1 | $10.1 | $230.00 | $80.8K | 1.9K | 3 |
About Salesforce
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.
Current Position of Salesforce
- With a volume of 2,603,205, the price of CRM is up 1.12% at $255.68.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 43 days.
What Analysts Are Saying About Salesforce
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $250.0.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Salesforce, targeting a price of $250.
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 Salesforce options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
