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 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 CRM, 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 21 uncommon options trades for Salesforce.
This isn't normal.
The overall sentiment of these big-money traders is split between 23% bullish and 76%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $208,505, and 15 are calls, for a total amount of $1,422,123.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $175.0 to $245.0 for Salesforce over the recent 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 $175.0 to $245.0 in the last 30 days.
Salesforce Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRM | CALL | SWEEP | BEARISH | 06/21/24 | $230.00 | $412.2K | 2.3K | 4 |
| CRM | CALL | TRADE | NEUTRAL | 01/17/25 | $240.00 | $141.4K | 1.6K | 0 |
| CRM | CALL | TRADE | BULLISH | 12/15/23 | $210.00 | $141.2K | 2.8K | 35 |
| CRM | CALL | TRADE | BULLISH | 01/19/24 | $220.00 | $135.0K | 7.7K | 1 |
| CRM | CALL | TRADE | NEUTRAL | 11/24/23 | $200.00 | $106.9K | 120 | 2 |
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.
In light of the recent options history for Salesforce, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Salesforce
- Trading volume stands at 1,938,389, with CRM's price up by 1.53%, positioned at $224.62.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 10 days.
What The Experts Say On 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 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 Salesforce options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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