Investors with a lot of money to spend have taken a bearish stance on Cloudflare NET.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NET, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Cloudflare.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $123,510, and 5 are calls, for a total amount of $318,897.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $155.0 for Cloudflare during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Cloudflare stands at 164.86, with a total volume reaching 615.00. 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 $80.0 to $155.0, throughout the last 30 days.
Cloudflare Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NET | CALL | SWEEP | BEARISH | 12/19/25 | $10.2 | $10.15 | $10.15 | $155.00 | $153.7K | 13 | 146 |
| NET | CALL | SWEEP | BULLISH | 02/21/25 | $24.35 | $24.1 | $24.33 | $90.00 | $60.8K | 229 | 30 |
| NET | PUT | TRADE | BEARISH | 01/17/25 | $4.35 | $4.3 | $4.35 | $112.00 | $56.5K | 0 | 131 |
| NET | CALL | TRADE | BULLISH | 01/17/25 | $3.85 | $3.8 | $3.85 | $114.00 | $38.5K | 0 | 131 |
| NET | CALL | TRADE | BEARISH | 12/19/25 | $42.65 | $41.8 | $41.8 | $80.00 | $37.6K | 159 | 9 |
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.
Present Market Standing of Cloudflare
- With a trading volume of 981,147, the price of NET is down by -1.05%, reaching $111.5.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 45 days from now.
Professional Analyst Ratings for Cloudflare
In the last month, 4 experts released ratings on this stock with an average target price of $129.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $130. * An analyst from Jefferies has decided to maintain their Hold rating on Cloudflare, which currently sits at a price target of $125. * An analyst from Mizuho has decided to maintain their Neutral rating on Cloudflare, which currently sits at a price target of $125. * An analyst from Stifel has elevated its stance to Buy, setting a new price target at $136.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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