Whales with a lot of money to spend have taken a noticeably bearish stance on Salesforce.
Looking at options history for Salesforce CRM we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $150,833 and 15, calls, for a total amount of $2,063,872.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $210.0 to $320.0 for Salesforce over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 1087.36 with a total volume of 7,735.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Salesforce's big money trades within a strike price range of $210.0 to $320.0 over 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 | TRADE | BULLISH | 01/16/26 | $290.00 | $998.6K | 279 | 0 |
| CRM | CALL | SWEEP | BEARISH | 04/19/24 | $310.00 | $275.4K | 2.5K | 1.5K |
| CRM | CALL | SWEEP | BEARISH | 04/19/24 | $310.00 | $169.9K | 2.5K | 989 |
| CRM | CALL | SWEEP | BEARISH | 06/21/24 | $290.00 | $105.9K | 1.0K | 0 |
| CRM | CALL | SWEEP | BEARISH | 03/15/24 | $320.00 | $80.8K | 428 | 406 |
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.
Where Is Salesforce Standing Right Now?
- With a trading volume of 859,331, the price of CRM is down by -1.5%, reaching $283.4.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 28 days from now.
What Analysts Are Saying About Salesforce
4 market experts have recently issued ratings for this stock, with a consensus target price of $297.0.
- An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $293.
- Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Salesforce with a target price of $310.
- An analyst from Baird upgraded its action to Outperform with a price target of $300.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Salesforce with a target price of $285.
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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