Investors with a lot of money to spend have taken a bullish stance on Akamai Techs AKAM.
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 AKAM, 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 23 uncommon options trades for Akamai Techs.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $178,110, and 17 are calls, for a total amount of $765,780.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $105.0 for Akamai Techs during the past quarter.
Analyzing Volume & Open Interest
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 Akamai Techs'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 Akamai Techs's whale trades within a strike price range from $100.0 to $105.0 in the last 30 days.
Akamai Techs 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 |
|---|---|---|---|---|---|---|---|---|
| AKAM | CALL | SWEEP | BEARISH | 01/17/25 | $100.00 | $73.3K | 2.6K | 208 |
| AKAM | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $50.4K | 2.6K | 439 |
| AKAM | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $50.1K | 2.6K | 467 |
| AKAM | CALL | SWEEP | BULLISH | 01/17/25 | $100.00 | $48.0K | 2.6K | 36 |
| AKAM | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $46.5K | 2.6K | 413 |
About Akamai Techs
Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
Following our analysis of the options activities associated with Akamai Techs, we pivot to a closer look at the company's own performance.
Where Is Akamai Techs Standing Right Now?
- Currently trading with a volume of 138,221, the AKAM's price is up by 0.23%, now at $107.5.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 50 days.
What The Experts Say On Akamai Techs
In the last month, 2 experts released ratings on this stock with an average target price of $137.5.
- Consistent in their evaluation, an analyst from Tigress Financial keeps a Strong Buy rating on Akamai Techs with a target price of $140.
- An analyst from Baird upgraded its action to Outperform with a price target of $135.
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 Akamai Techs 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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