Investors with a lot of money to spend have taken a bearish stance on SentinelOne S.
And retail traders should know.
We noticed this today when the positions 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 S, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for SentinelOne.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $50,000, and 13, calls, for a total amount of $1,409,748.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $40.0 for SentinelOne over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for SentinelOne's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SentinelOne's significant trades, within a strike price range of $27.5 to $40.0, over the past month.
SentinelOne Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| S | CALL | SWEEP | BEARISH | 01/16/26 | $40.00 | $265.0K | 1.9K | 2.0K |
| S | CALL | SWEEP | BEARISH | 01/16/26 | $40.00 | $236.3K | 1.9K | 1.5K |
| S | CALL | SWEEP | BEARISH | 01/16/26 | $40.00 | $205.2K | 1.9K | 380 |
| S | CALL | SWEEP | NEUTRAL | 01/16/26 | $40.00 | $136.6K | 1.9K | 818 |
| S | CALL | TRADE | BEARISH | 01/16/26 | $30.00 | $100.8K | 3.5K | 120 |
About SentinelOne
SentinelOne is a cloud-based cybersecurity company specializing in endpoint protection. SentinelOne's primary offering is its Singularity platform that offers a single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The California-based firm was founded in 2013 and went public in 2021.
Following our analysis of the options activities associated with SentinelOne, we pivot to a closer look at the company's own performance.
Present Market Standing of SentinelOne
- With a volume of 2,914,704, the price of S is up 0.07% at $28.26.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 33 days.
What Analysts Are Saying About SentinelOne
2 market experts have recently issued ratings for this stock, with a consensus target price of $27.5.
- An analyst from Citigroup has decided to maintain their Neutral rating on SentinelOne, which currently sits at a price target of $25.
- An analyst from BTIG upgraded its action to Buy with a price target of $30.
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 SentinelOne options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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