Decoding Salesforce's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish approach towards Salesforce CRM, 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 CRM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 3 are puts, totaling $134,246, and 8 are calls, amounting to $1,362,837.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $260.0 to $400.0 for Salesforce over the recent three months.

Volume & Open Interest Development

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 $260.0 to $400.0 in the last 30 days.

Salesforce Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Present Market Standing of Salesforce

• With a trading volume of 257,012, the price of CRM is up by 0.62%, reaching $278.61.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 34 days from now.

Professional Analyst Ratings for Salesforce

In the last month, 4 experts released ratings on this stock with an average target price of $297.0.

• An analyst from Piper Sandler has decided to maintain their Neutral rating on Salesforce, which currently sits at a price target of $285.
• Showing optimism, an analyst from Baird upgrades its rating to Outperform with a revised price target of $300.
• Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $293.
• Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Salesforce with a target price of $310.

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.