27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bullish stance on Salesforce.
Looking at options history for Salesforce (NYSE:CRM) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $58,180 and 7, calls, for a total amount of $708,375.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $277.5 to $305.0 for Salesforce over the recent three months.
Volume & Open Interest Trends
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 Salesforce'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 Salesforce's whale activity within a strike price range from $277.5 to $305.0 in the last 30 days.
Salesforce 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | CALL | TRADE | BULLISH | 05/17/24 | $18.3 | $18.0 | $18.3 | $300.00 | $274.5K | 1.9K | 153 |
| CRM | CALL | TRADE | BULLISH | 05/17/24 | $17.0 | $15.4 | $17.0 | $300.00 | $170.0K | 1.9K | 258 |
| CRM | CALL | SWEEP | BEARISH | 04/19/24 | $23.75 | $23.2 | $23.2 | $277.50 | $81.2K | 4 | 35 |
| CRM | CALL | TRADE | BEARISH | 04/12/24 | $1.7 | $1.6 | $1.6 | $305.00 | $64.0K | 549 | 172 |
| CRM | CALL | SWEEP | BEARISH | 04/05/24 | $1.19 | $1.04 | $1.19 | $300.00 | $52.1K | 492 | 3.1K |
About Salesforce
Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
In light of the recent options history for Salesforce, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Salesforce
- With a trading volume of 960,208, the price of CRM is up by 0.74%, reaching $307.0.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 55 days from now.
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 Salesforce options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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