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 18 extraordinary options activities for Cloudflare. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 22% bearish. Among these notable options, 10 are puts, totaling $1,687,452, and 8 are calls, amounting to $455,983.
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 $75.0 to $115.0 for Cloudflare during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cloudflare's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cloudflare's substantial trades, within a strike price spectrum from $75.0 to $115.0 over the preceding 30 days.
Cloudflare Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NET | PUT | TRADE | NEUTRAL | 01/24/25 | $4.0 | $3.4 | $3.7 | $114.00 | $680.0K | 1 | 2.6K |
| NET | PUT | TRADE | BULLISH | 01/24/25 | $4.2 | $3.9 | $3.7 | $114.00 | $391.4K | 1 | 2.0K |
| NET | PUT | SWEEP | BULLISH | 03/21/25 | $7.4 | $7.3 | $7.3 | $110.00 | $182.5K | 1.0K | 313 |
| NET | PUT | SWEEP | BULLISH | 02/21/25 | $8.75 | $8.7 | $8.7 | $115.00 | $166.0K | 316 | 425 |
| NET | CALL | TRADE | BULLISH | 06/20/25 | $27.0 | $26.6 | $27.0 | $95.00 | $108.0K | 1.5K | 40 |
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.
After a thorough review of the options trading surrounding Cloudflare, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Cloudflare
- With a volume of 1,044,354, the price of NET is down -0.86% at $113.74.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 31 days.
Expert Opinions on Cloudflare
In the last month, 5 experts released ratings on this stock with an average target price of $129.8.
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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. * Showing optimism, an analyst from Stifel upgrades its rating to Buy with a revised price target of $136. * An analyst from Mizuho has decided to maintain their Neutral rating on Cloudflare, which currently sits at a price target of $125. * Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Cloudflare, targeting a price of $123. * Consistent in their evaluation, an analyst from Jefferies keeps a Hold rating on Cloudflare with a target price of $125. * An analyst from Goldman Sachs has elevated its stance to Buy, setting a new price target at $140.
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 Cloudflare options trades with real-time alerts from Benzinga Pro.
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