Deep-pocketed investors have adopted a bearish approach towards Akamai Techs (NASDAQ:AKAM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AKAM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Akamai Techs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 16% leaning bullish and 83% bearish. Among these notable options, 5 are puts, totaling $241,513, and 7 are calls, amounting to $1,615,486.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $92.5 to $150.0 for Akamai Techs over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Akamai Techs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Akamai Techs's substantial trades, within a strike price spectrum from $92.5 to $150.0 over the preceding 30 days.
Akamai Techs Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AKAM | CALL | SWEEP | BULLISH | 01/17/25 | $95.00 | $493.2K | 888 | 149 |
| AKAM | CALL | SWEEP | BEARISH | 01/17/25 | $95.00 | $482.7K | 888 | 298 |
| AKAM | CALL | SWEEP | BEARISH | 01/16/26 | $145.00 | $175.7K | 0 | 174 |
| AKAM | CALL | SWEEP | BEARISH | 01/16/26 | $140.00 | $171.6K | 7 | 143 |
| AKAM | CALL | SWEEP | BEARISH | 01/16/26 | $150.00 | $164.2K | 3 | 686 |
About Akamai Techs
Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core delivery and computing businesses to protect customers from cyberthreats.
After a thorough review of the options trading surrounding Akamai Techs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Akamai Techs's Current Market Status
- Currently trading with a volume of 951,334, the AKAM's price is up by 0.18%, now at $119.55.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 25 days.
What The Experts Say On Akamai Techs
1 market experts have recently issued ratings for this stock, with a consensus target price of $138.0.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Akamai Techs with a target price of $138.
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 Akamai Techs options trades with real-time alerts from Benzinga Pro.
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