CyberArk Software Unusual Options Activity For October 20

Someone with a lot of money to spend has taken a bearish stance on CyberArk Software CYBR.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CYBR, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 14 options trades for CyberArk Software.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $59,850, and 13, calls, for a total amount of $1,119,379..

Get Started

Start Futures Trading Fast — with a $200 Bonus

Join Plus500 today and get up to $200 to start trading real futures. Practice with free paper trading, then jump into live markets with lightning-fast execution, low commissions, and full regulatory protection.

Get Started

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $170.0 for CyberArk Software over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for CyberArk Software'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 CyberArk Software's whale activity within a strike price range from $130.0 to $170.0 in the last 30 days.

CyberArk Software Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is CyberArk Software Standing Right Now?

• With a volume of 351,668, the price of CYBR is down 0.0% at $168.04.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 13 days.

What The Experts Say On CyberArk Software:

• JP Morgan upgraded its action to Overweight with a price target of $200

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