Investors with a lot of money to spend have taken a bullish stance on Salesforce CRM.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CRM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for Salesforce.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 23%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $1,917,240, and 8 are calls, for a total amount of $930,560.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $250.0 and $400.0 for Salesforce, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Salesforce's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Salesforce's significant trades, within a strike price range of $250.0 to $400.0, over the past month.
Salesforce Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | PUT | TRADE | NEUTRAL | 01/17/25 | $19.15 | $18.15 | $18.6 | $350.00 | $712.3K | 2.3K | 1.5K |
| CRM | PUT | SWEEP | BEARISH | 01/17/25 | $18.6 | $17.55 | $18.55 | $350.00 | $556.5K | 2.3K | 907 |
| CRM | PUT | SWEEP | BULLISH | 01/17/25 | $19.35 | $18.25 | $18.5 | $350.00 | $555.0K | 2.3K | 455 |
| CRM | CALL | SWEEP | NEUTRAL | 01/16/26 | $110.6 | $108.6 | $110.5 | $250.00 | $508.1K | 590 | 46 |
| CRM | CALL | TRADE | BULLISH | 01/17/25 | $88.5 | $88.0 | $88.5 | $250.00 | $106.2K | 2.8K | 12 |
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.
In light of the recent options history for Salesforce, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Salesforce
- With a volume of 1,491,455, the price of CRM is down -0.05% at $336.07.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 68 days.
Professional Analyst Ratings for Salesforce
5 market experts have recently issued ratings for this stock, with a consensus target price of $422.0.
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. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Salesforce with a target price of $405. * In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $450. * An analyst from RBC Capital persists with their Outperform rating on Salesforce, maintaining a target price of $420. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Salesforce, which currently sits at a price target of $405. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Salesforce, targeting a price of $430.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Salesforce options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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