Whales with a lot of money to spend have taken a noticeably bearish stance on Akamai Techs.
Looking at options history for Akamai Techs AKAM we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $166,057 and 4, calls, for a total amount of $143,885.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $120.0 for Akamai Techs over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Akamai Techs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Akamai Techs's significant trades, within a strike price range of $80.0 to $120.0, over the past month.
Akamai Techs Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AKAM | PUT | SWEEP | BEARISH | 08/16/24 | $4.9 | $4.7 | $4.9 | $95.00 | $59.2K | 1.2K | 17 |
| AKAM | CALL | SWEEP | NEUTRAL | 08/16/24 | $5.0 | $4.8 | $4.93 | $95.00 | $50.2K | 1.4K | 878 |
| AKAM | PUT | SWEEP | BEARISH | 08/16/24 | $2.85 | $2.7 | $2.8 | $90.00 | $38.4K | 756 | 729 |
| AKAM | CALL | SWEEP | BULLISH | 08/16/24 | $3.0 | $2.9 | $3.0 | $100.00 | $36.2K | 1.1K | 30 |
| AKAM | PUT | SWEEP | BEARISH | 07/26/24 | $0.75 | $0.65 | $0.75 | $93.00 | $34.3K | 10 | 8 |
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.
Where Is Akamai Techs Standing Right Now?
- Trading volume stands at 1,411,780, with AKAM's price down by -0.77%, positioned at $95.05.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 20 days.
What Analysts Are Saying About Akamai Techs
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $111.0.
- An analyst from Scotiabank has revised its rating downward to Sector Outperform, adjusting the price target to $110.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Akamai Techs, targeting a price of $112.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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