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 20 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 10 are puts, totaling $910,692, and 10 are calls, amounting to $877,044.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $185.0 to $280.0 for Salesforce over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 1777.35 with a total volume of 2,786.00.
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 $185.0 to $280.0 over the last 30 days.
Salesforce 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRM | CALL | SWEEP | BULLISH | 12/01/23 | $230.00 | $373.3K | 1.1K | 163 |
| CRM | PUT | TRADE | BULLISH | 01/19/24 | $200.00 | $313.5K | 6.8K | 1.5K |
| CRM | CALL | SWEEP | BEARISH | 06/20/25 | $280.00 | $200.0K | 114 | 100 |
| CRM | PUT | SWEEP | BEARISH | 06/20/25 | $190.00 | $147.5K | 25 | 106 |
| CRM | PUT | SWEEP | BEARISH | 01/17/25 | $230.00 | $141.7K | 1.0K | 6 |
About Salesforce
Salesforce Inc 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.
After a thorough review of the options trading surrounding Salesforce, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Salesforce
- With a volume of 2,635,028, the price of CRM is up 0.07% at $224.48.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 8 days.
Professional Analyst Ratings for Salesforce
2 market experts have recently issued ratings for this stock, with a consensus target price of $260.0.
- An analyst from BMO Capital has decided to maintain their Outperform rating on Salesforce, which currently sits at a price target of $252.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Salesforce, targeting a price of $268.
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 Salesforce options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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