Decoding Salesforce's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bullish stance on Salesforce.

Looking at options history for Salesforce CRM we detected 35 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $232,848 and 31, calls, for a total amount of $2,155,997.

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 $125.0 and $330.0 for Salesforce, spanning the last 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 Salesforce'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 Salesforce's whale trades within a strike price range from $125.0 to $330.0 in the last 30 days.

Salesforce Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Having examined the options trading patterns of Salesforce, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Salesforce's Current Market Status

• Currently trading with a volume of 2,530,631, the CRM's price is up by 0.01%, now at $271.4.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 47 days.

Professional Analyst Ratings for Salesforce

In the last month, 5 experts released ratings on this stock with an average target price of $306.0.

• Showing optimism, an analyst from Morgan Stanley upgrades its rating to Overweight with a revised price target of $350.
• An analyst from Wolfe Research upgraded its action to Outperform with a price target of $315.
• An analyst from Baird has elevated its stance to Outperform, setting a new price target at $300.
• An analyst from Piper Sandler persists with their Neutral rating on Salesforce, maintaining a target price of $285.
• An analyst from Wells Fargo downgraded its action to Equal-Weight with a price target of $280.

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 Salesforce, Benzinga Pro gives you real-time options trades alerts.