Behind the Scenes of Cloudflare's Latest Options Trends

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Deep-pocketed investors have adopted a bullish approach towards Cloudflare NET, 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 NET usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Cloudflare. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 28% bearish. Among these notable options, 2 are puts, totaling $53,320, and 12 are calls, amounting to $817,526.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $135.0 for Cloudflare over the last 3 months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Cloudflare stands at 947.17, with a total volume reaching 3,296.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cloudflare, situated within the strike price corridor from $25.0 to $135.0, throughout the last 30 days.

Cloudflare 30-Day Option Volume & Interest Snapshot

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NET CALL TRADE BULLISH 01/15/27 $36.7 $34.75 $36.0 $110.00 $295.2K 218 85
NET CALL SWEEP BULLISH 01/17/25 $5.85 $5.8 $5.8 $115.00 $116.0K 2.5K 525
NET CALL TRADE NEUTRAL 12/19/25 $28.6 $27.65 $28.05 $105.00 $61.7K 205 22
NET CALL TRADE BULLISH 01/03/25 $5.6 $5.1 $5.4 $110.00 $53.4K 205 100
NET CALL SWEEP BEARISH 12/20/24 $18.0 $17.8 $17.8 $95.00 $44.5K 1.9K 26

About Cloudflare

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

In light of the recent options history for Cloudflare, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Cloudflare Standing Right Now?

  • With a trading volume of 1,218,896, the price of NET is up by 1.16%, reaching $114.92.
  • Current RSI values indicate that the stock is may be overbought.
  • Next earnings report is scheduled for 52 days from now.

What The Experts Say On Cloudflare

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $127.5.

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. * Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Cloudflare, targeting a price of $125. * Showing optimism, an analyst from Morgan Stanley upgrades its rating to Overweight with a revised price target of $130.

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 Cloudflare, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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