Financial giants have made a conspicuous bullish move on Salesforce. Our analysis of options history for Salesforce CRM revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $193,380, and 9 were calls, valued at $6,734,530.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $280.0 for Salesforce over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Salesforce stands at 2085.0, with a total volume reaching 3,061.00. 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 $240.0 to $280.0, throughout the last 30 days.
Salesforce Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | CALL | TRADE | BULLISH | 12/18/26 | $62.95 | $59.65 | $63.0 | $250.00 | $5.2M | 178 | 840 |
| CRM | CALL | SWEEP | BULLISH | 10/18/24 | $18.5 | $18.2 | $18.5 | $250.00 | $377.4K | 999 | 410 |
| CRM | CALL | SWEEP | BULLISH | 10/18/24 | $18.15 | $17.9 | $18.15 | $250.00 | $350.2K | 999 | 206 |
| CRM | CALL | SWEEP | BEARISH | 09/20/24 | $16.3 | $16.15 | $16.15 | $250.00 | $297.1K | 2.7K | 208 |
| CRM | CALL | TRADE | BEARISH | 08/16/24 | $5.4 | $4.95 | $5.0 | $250.00 | $250.0K | 6.4K | 531 |
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.
Having examined the options trading patterns of Salesforce, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Salesforce Standing Right Now?
- Trading volume stands at 475,918, with CRM's price up by 1.08%, positioned at $251.81.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 19 days.
Expert Opinions on Salesforce
In the last month, 1 experts released ratings on this stock with an average target price of $250.0.
- An analyst from Piper Sandler has decided to maintain their Neutral rating on Salesforce, which currently sits at a price target 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.
