A Closer Look at Salesforce's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on Salesforce CRM.

And retail traders should know.

We noticed this today when the positions 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 CRM, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 15 options trades for Salesforce.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $85,896, and 14, calls, for a total amount of $643,191.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $180.0 and $250.0 for Salesforce, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Salesforce's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Salesforce's substantial trades, within a strike price spectrum from $180.0 to $250.0 over the preceding 30 days.

Salesforce Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.

Where Is Salesforce Standing Right Now?

• With a volume of 1,999,459, the price of CRM is up 1.08% at $215.94.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 17 days.

Professional Analyst Ratings for Salesforce

1 market experts have recently issued ratings for this stock, with a consensus target price of $232.0.

• An analyst from Piper Sandler has revised its rating downward to Neutral, adjusting the price target to $232.

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.