Whales with a lot of money to spend have taken a noticeably bearish stance on Arista Networks.
Looking at options history for Arista Networks ANET we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $249,400 and 11, calls, for a total amount of $1,004,381.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $330.0 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 339.08, with a total volume reaching 377.00. 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 $90.0 to $330.0, throughout the last 30 days.
Arista Networks Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ANET | CALL | TRADE | NEUTRAL | 01/19/24 | $90.00 | $328.6K | 26 | 20 |
| ANET | CALL | TRADE | BULLISH | 01/17/25 | $310.00 | $235.0K | 80 | 0 |
| ANET | PUT | SWEEP | NEUTRAL | 02/16/24 | $270.00 | $218.0K | 4 | 112 |
| ANET | CALL | TRADE | BULLISH | 03/15/24 | $170.00 | $151.0K | 51 | 17 |
| ANET | CALL | TRADE | BEARISH | 01/17/25 | $260.00 | $65.7K | 672 | 16 |
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.
In light of the recent options history for Arista Networks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Arista Networks's Current Market Status
- Trading volume stands at 1,029,861, with ANET's price down by -0.13%, positioned at $251.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 27 days.
Expert Opinions on Arista Networks
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $286.0.
- Showing optimism, an analyst from Melius Research upgrades its rating to Buy with a revised price target of $300.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Arista Networks with a target price of $272.
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 Arista Networks options trades with real-time alerts from Benzinga Pro.
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