Financial giants have made a conspicuous bullish move on Atlassian. Our analysis of options history for Atlassian TEAM revealed 14 unusual trades.
Delving into the details, we found 71% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $334,176, and 4 were calls, valued at $121,811.
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 $175.0 to $260.0 for Atlassian during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Atlassian'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 Atlassian's whale trades within a strike price range from $175.0 to $260.0 in the last 30 days.
Atlassian Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TEAM | PUT | SWEEP | BULLISH | 05/17/24 | $175.00 | $39.0K | 3.6K | 552 |
| TEAM | PUT | SWEEP | BULLISH | 05/17/24 | $175.00 | $38.0K | 3.6K | 278 |
| TEAM | PUT | SWEEP | BULLISH | 05/17/24 | $175.00 | $36.0K | 3.6K | 99 |
| TEAM | PUT | SWEEP | BULLISH | 05/17/24 | $175.00 | $35.8K | 3.6K | 452 |
| TEAM | CALL | SWEEP | BEARISH | 06/21/24 | $260.00 | $35.6K | 404 | 108 |
About Atlassian
Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.
Current Position of Atlassian
- Trading volume stands at 598,476, with TEAM's price up by 0.15%, positioned at $215.96.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 51 days.
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 Atlassian options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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