Deep-pocketed investors have adopted a bullish approach towards Salesforce CRM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $80,275, and 6 are calls, amounting to $293,115.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $270.0 to $310.0 for Salesforce over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Salesforce's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Salesforce's substantial trades, within a strike price spectrum from $270.0 to $310.0 over the preceding 30 days.
Salesforce Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | CALL | SWEEP | BULLISH | 09/19/25 | $43.85 | $43.5 | $43.85 | $280.00 | $96.4K | 6 | 22 |
| CRM | CALL | TRADE | BEARISH | 11/15/24 | $20.3 | $19.95 | $20.07 | $270.00 | $50.1K | 2.3K | 26 |
| CRM | CALL | SWEEP | BULLISH | 09/19/25 | $33.3 | $32.95 | $33.3 | $300.00 | $46.6K | 29 | 14 |
| CRM | PUT | TRADE | BEARISH | 05/16/25 | $16.75 | $15.95 | $16.45 | $270.00 | $44.4K | 595 | 49 |
| CRM | CALL | TRADE | NEUTRAL | 11/22/24 | $8.45 | $7.9 | $8.2 | $290.00 | $38.5K | 154 | 47 |
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.
In light of the recent options history for Salesforce, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Salesforce Standing Right Now?
- Trading volume stands at 964,810, with CRM's price up by 0.55%, positioned at $286.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 34 days.
What The Experts Say On Salesforce
In the last month, 3 experts released ratings on this stock with an average target price of $351.6666666666667.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Oppenheimer downgraded its action to Outperform with a price target of $330. * An analyst from Wedbush persists with their Outperform rating on Salesforce, maintaining a target price of $325. * An analyst from Northland Capital Markets has elevated its stance to Outperform, setting a new price target at $400.
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 Salesforce, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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