Financial giants have made a conspicuous bearish move on Cloudflare. Our analysis of options history for Cloudflare NET revealed 12 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $342,845, and 6 were calls, valued at $374,325.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $79.0 to $135.0 for Cloudflare during the past quarter.
Insights into 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 Cloudflare's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cloudflare's significant trades, within a strike price range of $79.0 to $135.0, over the past month.
Cloudflare Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NET | CALL | TRADE | NEUTRAL | 09/19/25 | $22.35 | $22.1 | $22.23 | $80.00 | $133.3K | 114 | 100 |
| NET | PUT | SWEEP | BEARISH | 11/15/24 | $5.9 | $5.85 | $5.85 | $90.00 | $118.1K | 650 | 304 |
| NET | CALL | TRADE | BULLISH | 09/19/25 | $22.25 | $22.1 | $22.23 | $80.00 | $88.9K | 114 | 40 |
| NET | PUT | SWEEP | BEARISH | 11/08/24 | $3.65 | $3.6 | $3.6 | $85.00 | $63.7K | 126 | 188 |
| NET | CALL | SWEEP | NEUTRAL | 01/17/25 | $6.15 | $6.0 | $6.06 | $95.00 | $60.6K | 1.5K | 100 |
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.
Where Is Cloudflare Standing Right Now?
- With a trading volume of 1,749,016, the price of NET is up by 2.2%, reaching $89.57.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 14 days from now.
What The Experts Say On Cloudflare
2 market experts have recently issued ratings for this stock, with a consensus target price of $85.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Exane BNP Paribas lowers its rating to Underperform with a new price target of $65. * Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Cloudflare with a target price of $105.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
