Check Out What Whales Are Doing With TEAM

Whales with a lot of money to spend have taken a noticeably bullish stance on Atlassian.

Looking at options history for Atlassian TEAM we detected 17 trades.

If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 23% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $296,364 and 14, calls, for a total amount of $1,982,439.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $290.0 for Atlassian during the past quarter.

Volume & Open Interest Trends

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 Atlassian'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 Atlassian's whale trades within a strike price range from $200.0 to $290.0 in the last 30 days.

Atlassian 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Atlassian

Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.

After a thorough review of the options trading surrounding Atlassian, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Atlassian

• Trading volume stands at 1,314,615, with TEAM's price down by -2.85%, positioned at $262.11.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 43 days.

Professional Analyst Ratings for Atlassian

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $298.0.

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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 Keybanc continues to hold a Overweight rating for Atlassian, targeting a price of $315. * An analyst from Truist Securities has decided to maintain their Hold rating on Atlassian, which currently sits at a price target of $250. * An analyst from Mizuho persists with their Outperform rating on Atlassian, maintaining a target price of $285. * An analyst from Macquarie has revised its rating downward to Neutral, adjusting the price target to $290. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Atlassian with a target price of $350.

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