Investors with a lot of money to spend have taken a bearish 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 16 uncommon options trades for Salesforce.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 75%, bearish.
Out of all of the special options we uncovered, 14 are puts, for a total amount of $800,252, and 2 are calls, for a total amount of $78,016.
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 $270.0 to $450.0 for Salesforce over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 916.89 with a total volume of 1,968.00.
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 $270.0 to $450.0 over the last 30 days.
Salesforce 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | PUT | SWEEP | BEARISH | 01/17/25 | $23.65 | $23.4 | $23.65 | $360.00 | $115.8K | 2.0K | 304 |
| CRM | PUT | SWEEP | BEARISH | 01/17/25 | $21.3 | $20.45 | $21.3 | $360.00 | $100.1K | 2.0K | 2 |
| CRM | PUT | TRADE | BEARISH | 03/21/25 | $17.15 | $16.65 | $17.15 | $330.00 | $90.8K | 656 | 101 |
| CRM | PUT | TRADE | BULLISH | 01/10/25 | $9.5 | $8.95 | $9.05 | $342.50 | $81.4K | 7 | 96 |
| CRM | PUT | TRADE | BEARISH | 01/10/25 | $6.55 | $6.4 | $6.55 | $337.50 | $58.9K | 14 | 100 |
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.
After a thorough review of the options trading surrounding Salesforce, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Salesforce's Current Market Status
- With a volume of 425,816, the price of CRM is down -0.55% at $339.82.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 61 days.
Professional Analyst Ratings for Salesforce
5 market experts have recently issued ratings for this stock, with a consensus target price of $414.0.
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. * Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $450. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Salesforce with a target price of $425. * An analyst from Truist Securities downgraded its action to Buy with a price target of $400. * An analyst from Citigroup persists with their Neutral rating on Salesforce, maintaining a target price of $390. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Salesforce, targeting a price of $405.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
