Deep-pocketed investors have adopted a bullish approach towards Akamai Techs 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 13 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 30% leaning bullish and 30% bearish. Among these notable options, 6 are puts, totaling $299,970, and 7 are calls, amounting to $215,240.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $95.0 for Akamai Techs over the last 3 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 Akamai Techs'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 Akamai Techs's whale trades within a strike price range from $90.0 to $95.0 in the last 30 days.
Akamai Techs Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AKAM | PUT | TRADE | BEARISH | 01/17/25 | $8.7 | $8.5 | $8.7 | $92.50 | $60.0K | 1.1K | 1 |
| AKAM | PUT | TRADE | NEUTRAL | 01/17/25 | $8.8 | $8.6 | $8.7 | $92.50 | $59.1K | 1.1K | 138 |
| AKAM | PUT | TRADE | NEUTRAL | 01/17/25 | $8.8 | $8.6 | $8.7 | $92.50 | $53.9K | 1.1K | 266 |
| AKAM | PUT | TRADE | BEARISH | 01/17/25 | $8.7 | $8.6 | $8.7 | $92.50 | $53.9K | 1.1K | 200 |
| AKAM | PUT | TRADE | BEARISH | 01/17/25 | $8.7 | $8.6 | $8.7 | $92.50 | $39.1K | 1.1K | 311 |
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. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
Following our analysis of the options activities associated with Akamai Techs, we pivot to a closer look at the company's own performance.
Present Market Standing of Akamai Techs
- Trading volume stands at 255,159, with AKAM's price down by -0.14%, positioned at $89.89.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 60 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Akamai Techs, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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