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 35 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 51% leaning bullish and 28% bearish. Among these notable options, 2 are puts, totaling $93,470, and 33 are calls, amounting to $2,666,794.
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 $230.0 to $400.0 for Salesforce during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 2089.22 with a total volume of 2,225.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Salesforce's big money trades within a strike price range of $230.0 to $400.0 over the last 30 days.
Salesforce Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | CALL | SWEEP | NEUTRAL | 01/17/25 | $58.25 | $57.9 | $57.95 | $300.00 | $405.1K | 6.0K | 75 |
| CRM | CALL | SWEEP | BEARISH | 03/21/25 | $11.95 | $11.4 | $11.45 | $400.00 | $241.6K | 2.3K | 218 |
| CRM | CALL | TRADE | BEARISH | 06/20/25 | $36.15 | $34.6 | $34.6 | $360.00 | $173.0K | 1.2K | 100 |
| CRM | CALL | TRADE | BEARISH | 06/20/25 | $36.3 | $34.6 | $34.6 | $360.00 | $173.0K | 1.2K | 50 |
| CRM | CALL | SWEEP | BULLISH | 01/17/25 | $115.4 | $114.75 | $115.4 | $240.00 | $150.0K | 1.6K | 24 |
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?
- With a volume of 1,682,630, the price of CRM is up 0.05% at $354.49.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 72 days.
What The Experts Say On Salesforce
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $387.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $450. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Salesforce, targeting a price of $395. * In a cautious move, an analyst from Oppenheimer downgraded its rating to Outperform, setting a price target of $385. * Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Salesforce with a target price of $368. * An analyst from JP Morgan has decided to maintain their Overweight rating on Salesforce, which currently sits at a price target of $340.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
