Deep-pocketed investors have adopted a bullish approach towards Salesforce CRM, 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 CRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 31 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 51% leaning bullish and 38% bearish. Among these notable options, 3 are puts, totaling $134,720, and 28 are calls, amounting to $1,718,908.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $270.0 and $430.0 for Salesforce, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 801.85 with a total volume of 11,584.00.
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 $430.0 over the last 30 days.
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 | CALL | SWEEP | BULLISH | 05/16/25 | $6.55 | $6.5 | $6.55 | $430.00 | $258.7K | 1.1K | 199 |
CRM | CALL | TRADE | BULLISH | 03/07/25 | $24.5 | $20.6 | $23.0 | $350.00 | $230.0K | 48 | 0 |
CRM | CALL | TRADE | BEARISH | 03/21/25 | $27.8 | $27.7 | $27.7 | $340.00 | $83.1K | 1.6K | 51 |
CRM | CALL | SWEEP | BEARISH | 01/31/25 | $4.15 | $4.1 | $4.1 | $362.50 | $82.0K | 408 | 217 |
CRM | CALL | SWEEP | NEUTRAL | 01/31/25 | $4.15 | $3.7 | $3.9 | $362.50 | $77.7K | 408 | 623 |
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.
Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.
Where Is Salesforce Standing Right Now?
- Trading volume stands at 1,391,040, with CRM's price up by 1.69%, positioned at $352.95.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 29 days.
What Analysts Are Saying About Salesforce
3 market experts have recently issued ratings for this stock, with a consensus target price of $349.0.
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. * An analyst from Guggenheim downgraded its action to Sell with a price target of $247. * Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Salesforce, targeting a price of $400. * An analyst from TD Cowen upgraded its action to Buy with a price target of $400.
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 Salesforce with Benzinga Pro for real-time alerts.
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