High-rolling investors have positioned themselves bullish on Arista Networks ANET, 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 ANET often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 19 options trades for Arista Networks. This is not a typical pattern.
The sentiment among these major traders is split, with 42% bullish and 31% bearish. Among all the options we identified, there was one put, amounting to $25,100, and 18 calls, totaling $1,171,479.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $310.0 to $460.0 for Arista Networks during the past quarter.
Analyzing Volume & Open Interest
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 Arista Networks'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 Arista Networks's whale trades within a strike price range from $310.0 to $460.0 in the last 30 days.
Arista Networks Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANET | CALL | TRADE | NEUTRAL | 02/21/25 | $51.1 | $48.2 | $49.55 | $370.00 | $297.3K | 110 | 2 |
| ANET | CALL | TRADE | BULLISH | 12/20/24 | $19.8 | $19.4 | $19.8 | $390.00 | $194.0K | 545 | 126 |
| ANET | CALL | TRADE | BULLISH | 03/21/25 | $41.2 | $39.9 | $41.0 | $400.00 | $82.0K | 309 | 25 |
| ANET | CALL | TRADE | NEUTRAL | 01/17/25 | $64.1 | $62.7 | $63.4 | $350.00 | $63.4K | 295 | 10 |
| ANET | CALL | TRADE | BEARISH | 02/21/25 | $35.6 | $34.0 | $34.0 | $400.00 | $51.0K | 263 | 21 |
About Arista Networks
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.
After a thorough review of the options trading surrounding Arista Networks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Arista Networks
- Currently trading with a volume of 960,929, the ANET's price is down by -1.93%, now at $398.62.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 77 days.
What Analysts Are Saying About Arista Networks
In the last month, 5 experts released ratings on this stock with an average target price of $424.2.
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 Barclays persists with their Overweight rating on Arista Networks, maintaining a target price of $495. * Consistent in their evaluation, an analyst from Rosenblatt keeps a Sell rating on Arista Networks with a target price of $320. * Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Arista Networks, targeting a price of $425. * An analyst from Wells Fargo persists with their Overweight rating on Arista Networks, maintaining a target price of $460. * Reflecting concerns, an analyst from Piper Sandler lowers its rating to Neutral with a new price target of $421.
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 Arista Networks, 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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