Financial giants have made a conspicuous bearish move on Cloudflare. Our analysis of options history for Cloudflare NET revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $387,680, and 7 were calls, valued at $312,188.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $100.0 for Cloudflare, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Cloudflare'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 Cloudflare's whale activity within a strike price range from $70.0 to $100.0 in the last 30 days.
Cloudflare Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NET | PUT | TRADE | BULLISH | 01/16/26 | $12.85 | $12.6 | $12.6 | $70.00 | $252.0K | 1.3K | 200 |
| NET | PUT | SWEEP | BULLISH | 01/17/25 | $25.6 | $24.95 | $25.17 | $100.00 | $100.6K | 551 | 40 |
| NET | CALL | TRADE | BEARISH | 01/16/26 | $22.6 | $22.45 | $22.45 | $75.00 | $92.0K | 113 | 42 |
| NET | CALL | TRADE | BULLISH | 08/16/24 | $3.25 | $3.2 | $3.25 | $85.00 | $46.8K | 3.2K | 172 |
| NET | CALL | TRADE | BEARISH | 12/19/25 | $13.85 | $12.9 | $13.2 | $100.00 | $46.2K | 140 | 35 |
About Cloudflare
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.
Following our analysis of the options activities associated with Cloudflare, we pivot to a closer look at the company's own performance.
Cloudflare's Current Market Status
- Trading volume stands at 927,021, with NET's price down by -0.72%, positioned at $77.5.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 3 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 Cloudflare, 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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