Financial giants have made a conspicuous bullish move on Salesforce. Our analysis of options history for Salesforce CRM revealed 38 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $348,106, and 31 were calls, valued at $3,886,929.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $220.0 to $340.0 for Salesforce over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 667.64 with a total volume of 3,467.00.
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 $220.0 to $340.0 over the last 30 days.
Salesforce Call and Put Volume: 30-Day Overview
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 | $310.00 | $509.6K | 1.6K | 265 |
| CRM | CALL | TRADE | BULLISH | 01/16/26 | $310.00 | $508.4K | 1.6K | 0 |
| CRM | CALL | SWEEP | NEUTRAL | 01/16/26 | $310.00 | $507.4K | 1.6K | 0 |
| CRM | CALL | TRADE | BULLISH | 01/16/26 | $310.00 | $507.2K | 1.6K | 0 |
| CRM | CALL | TRADE | BULLISH | 01/16/26 | $310.00 | $357.5K | 1.6K | 410 |
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.
After a thorough review of the options trading surrounding Salesforce, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Salesforce's Current Market Status
- With a volume of 851,584, the price of CRM is down -0.13% at $308.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Salesforce
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $342.4.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Salesforce, which currently sits at a price target of $330.
- An analyst from BMO Capital persists with their Outperform rating on Salesforce, maintaining a target price of $335.
- Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Salesforce, targeting a price of $342.
- An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $360.
- Reflecting concerns, an analyst from Mizuho lowers its rating to Buy with a new price target of $345.
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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