Deep-pocketed investors have adopted a bullish approach towards Atlassian TEAM, 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 TEAM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Atlassian. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 45% bearish. Among these notable options, 3 are puts, totaling $288,660, and 8 are calls, amounting to $875,146.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $300.0 for Atlassian over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Atlassian's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Atlassian's whale trades within a strike price range from $230.0 to $300.0 in the last 30 days.
Atlassian 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TEAM | CALL | SWEEP | BEARISH | 03/21/25 | $21.1 | $20.3 | $20.8 | $280.00 | $312.0K | 1.8K | 151 |
| TEAM | PUT | SWEEP | BEARISH | 01/31/25 | $21.0 | $20.9 | $21.0 | $275.00 | $168.0K | 34 | 100 |
| TEAM | CALL | SWEEP | NEUTRAL | 02/21/25 | $12.4 | $11.8 | $11.8 | $300.00 | $165.9K | 2.1K | 231 |
| TEAM | CALL | SWEEP | BULLISH | 02/21/25 | $12.8 | $12.2 | $12.2 | $300.00 | $106.1K | 2.1K | 361 |
| TEAM | CALL | SWEEP | BULLISH | 02/21/25 | $11.7 | $11.6 | $11.6 | $300.00 | $99.7K | 2.1K | 90 |
About Atlassian
Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.
Present Market Standing of Atlassian
- Trading volume stands at 696,365, with TEAM's price up by 4.3%, positioned at $279.52.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 2 days.
Expert Opinions on Atlassian
5 market experts have recently issued ratings for this stock, with a consensus target price of $300.8.
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 Oppenheimer has decided to maintain their Outperform rating on Atlassian, which currently sits at a price target of $300. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Atlassian with a target price of $300. * An analyst from Jefferies has decided to maintain their Buy rating on Atlassian, which currently sits at a price target of $325. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $264. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Atlassian, targeting a price of $315.
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 Atlassian, Benzinga Pro gives you real-time options trades alerts.
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