Investors with a lot of money to spend have taken a bullish stance on Arista Networks (NYSE:ANET).

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 ANET, 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 66 uncommon options trades for Arista Networks.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 25%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $812,079, and 52 are calls, for a total amount of $3,454,782.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $170.0 for Arista Networks during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Arista Networks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Arista Networks's substantial trades, within a strike price spectrum from $50.0 to $170.0 over the preceding 30 days.

Arista Networks Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Arista Networks

In light of the recent options history for Arista Networks, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Arista Networks's Current Market Status

• Currently trading with a volume of 6,317,790, the ANET's price is up by 3.56%, now at $125.83.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 27 days.

What Analysts Are Saying About Arista Networks

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $132.5.

Unusual Options Activity Detected: Smart Money on the Move

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 Arista Networks with Benzinga Pro for real-time alerts.