Investors with a lot of money to spend have taken a bearish stance on Pure Storage PSTG.
And retail traders should know.
We noticed this today when the positions 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 PSTG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Pure Storage.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 44%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $54,045, and 8, calls, for a total amount of $386,059.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $75.0 for Pure Storage over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Pure Storage options trades today is 697.33 with a total volume of 982.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Pure Storage's big money trades within a strike price range of $15.0 to $75.0 over the last 30 days.
Pure Storage Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PSTG | CALL | TRADE | NEUTRAL | 09/19/25 | $6.4 | $6.0 | $6.19 | $75.00 | $84.1K | 203 | 136 |
| PSTG | CALL | TRADE | BULLISH | 01/17/25 | $47.9 | $47.6 | $47.8 | $15.00 | $57.3K | 66 | 12 |
| PSTG | PUT | SWEEP | BEARISH | 02/21/25 | $1.35 | $1.2 | $1.2 | $55.00 | $54.0K | 809 | 450 |
| PSTG | CALL | TRADE | BEARISH | 01/17/25 | $17.5 | $17.3 | $17.3 | $45.00 | $51.9K | 2.1K | 130 |
| PSTG | CALL | TRADE | BEARISH | 01/17/25 | $17.1 | $16.9 | $16.9 | $45.00 | $50.6K | 2.1K | 90 |
About Pure Storage
Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Pure Storage's Current Market Status
- With a trading volume of 1,493,476, the price of PSTG is down by -2.9%, reaching $62.85.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 44 days from now.
Professional Analyst Ratings for Pure Storage
In the last month, 1 experts released ratings on this stock with an average target price of $72.0.
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 Morgan Stanley keeps a Equal-Weight rating on Pure Storage with a target price of $72.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Pure Storage with Benzinga Pro for real-time alerts.
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