Whales with a lot of money to spend have taken a noticeably bearish stance on Cloudflare.
Looking at options history for Cloudflare NET we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 13% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $959,200 and 4, calls, for a total amount of $157,435.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $150.0 for Cloudflare over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Cloudflare stands at 888.8, with a total volume reaching 19,862.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cloudflare, situated within the strike price corridor from $70.0 to $150.0, throughout the last 30 days.
Cloudflare Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NET | PUT | SWEEP | BEARISH | 12/20/24 | $4.0 | $3.85 | $4.0 | $115.00 | $433.6K | 14 | 1.1K |
| NET | PUT | SWEEP | BEARISH | 12/20/24 | $4.0 | $3.95 | $4.0 | $115.00 | $90.8K | 14 | 1.6K |
| NET | PUT | SWEEP | BEARISH | 12/20/24 | $4.0 | $3.8 | $4.0 | $115.00 | $81.2K | 14 | 2.5K |
| NET | PUT | SWEEP | BEARISH | 12/20/24 | $4.0 | $3.95 | $4.0 | $115.00 | $80.0K | 14 | 2.1K |
| NET | CALL | TRADE | BULLISH | 03/21/25 | $13.8 | $13.55 | $13.8 | $110.00 | $59.3K | 786 | 44 |
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.
In light of the recent options history for Cloudflare, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Cloudflare
- With a trading volume of 417,299, the price of NET is up by 1.13%, reaching $114.24.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 59 days from now.
What The Experts Say On Cloudflare
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $130.0.
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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 Cloudflare options trades with real-time alerts from Benzinga Pro.
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