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 47% bullish and 47% bearish. Among all the options we identified, there was one put, amounting to $32,500, and 18 calls, totaling $935,991.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $47.5 to $125.0 for Arista Networks over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Arista Networks stands at 1238.53, with a total volume reaching 2,247.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Arista Networks, situated within the strike price corridor from $47.5 to $125.0, throughout the last 30 days.
Arista Networks 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANET | CALL | SWEEP | BEARISH | 03/21/25 | $5.5 | $5.3 | $5.3 | $125.00 | $130.9K | 1.3K | 294 |
| ANET | CALL | TRADE | BULLISH | 03/21/25 | $13.2 | $11.8 | $12.7 | $107.50 | $101.6K | 833 | 81 |
| ANET | CALL | SWEEP | BEARISH | 01/17/25 | $5.4 | $4.0 | $4.7 | $112.50 | $81.8K | 6.3K | 0 |
| ANET | CALL | SWEEP | BULLISH | 02/21/25 | $8.8 | $8.5 | $8.75 | $112.50 | $65.6K | 572 | 172 |
| ANET | CALL | TRADE | BULLISH | 06/20/25 | $21.4 | $21.4 | $21.4 | $100.00 | $53.5K | 1.1K | 27 |
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.
Following our analysis of the options activities associated with Arista Networks, we pivot to a closer look at the company's own performance.
Current Position of Arista Networks
- With a trading volume of 2,130,883, the price of ANET is up by 4.36%, reaching $111.53.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 59 days from now.
Professional Analyst Ratings for Arista Networks
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $125.0.
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 $125.
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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