What the Options Market Tells Us About Nutanix

High-rolling investors have positioned themselves bullish on Nutanix NTNX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NTNX often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 12 options trades for Nutanix. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $42,120, and 11 calls, totaling $713,303.

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 $45.0 to $70.0 for Nutanix during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Nutanix's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Nutanix's substantial trades, within a strike price spectrum from $45.0 to $70.0 over the preceding 30 days.

Nutanix 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Nutanix

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.

Having examined the options trading patterns of Nutanix, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Nutanix

• With a trading volume of 3,350,739, the price of NTNX is up by 5.28%, reaching $62.16.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 83 days from now.

Professional Analyst Ratings for Nutanix

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $68.6.

• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Nutanix with a target price of $72.
• An analyst from JP Morgan has decided to maintain their Overweight rating on Nutanix, which currently sits at a price target of $70.
• An analyst from B of A Securities has decided to maintain their Buy rating on Nutanix, which currently sits at a price target of $65.
• An analyst from Barclays persists with their Overweight rating on Nutanix, maintaining a target price of $68.
• An analyst from Keybanc persists with their Overweight rating on Nutanix, maintaining a target price of $68.

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 Nutanix, Benzinga Pro gives you real-time options trades alerts.