Investors with a lot of money to spend have taken a bullish stance on Arista Networks 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 15 uncommon options trades for Arista Networks.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $444,235, and 4 are calls, for a total amount of $192,311.
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 $200.0 and $350.0 for Arista Networks, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Arista Networks stands at 275.83, with a total volume reaching 2,998.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Arista Networks, situated within the strike price corridor from $200.0 to $350.0, throughout the last 30 days.
Arista Networks Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ANET | CALL | TRADE | BULLISH | 01/17/25 | $200.00 | $62.0K | 626 | 10 |
| ANET | PUT | SWEEP | BULLISH | 12/29/23 | $250.00 | $59.6K | 2 | 111 |
| ANET | PUT | SWEEP | BULLISH | 12/29/23 | $250.00 | $58.0K | 2 | 251 |
| ANET | PUT | SWEEP | BEARISH | 12/29/23 | $250.00 | $54.3K | 2 | 374 |
| ANET | CALL | SWEEP | BULLISH | 01/17/25 | $220.00 | $50.0K | 395 | 10 |
About Arista Networks
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.
Following our analysis of the options activities associated with Arista Networks, we pivot to a closer look at the company's own performance.
Present Market Standing of Arista Networks
- Currently trading with a volume of 427,259, the ANET's price is up by 0.01%, now at $237.0.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 45 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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