Financial giants have made a conspicuous bullish move on Cloudflare. Our analysis of options history for Cloudflare NET revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $85,735, and 5 were calls, valued at $335,380.
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 $95.0 to $135.0 for Cloudflare during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cloudflare's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cloudflare's significant trades, within a strike price range of $95.0 to $135.0, over the past month.
Cloudflare Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NET | CALL | SWEEP | BULLISH | 11/15/24 | $120.00 | $90.2K | 24 | 88 |
| NET | CALL | TRADE | BEARISH | 05/03/24 | $102.00 | $82.0K | 0 | 150 |
| NET | CALL | TRADE | BEARISH | 05/17/24 | $95.00 | $73.9K | 1.7K | 100 |
| NET | CALL | SWEEP | BEARISH | 12/20/24 | $135.00 | $51.5K | 1.0K | 121 |
| NET | CALL | SWEEP | BULLISH | 12/20/24 | $125.00 | $37.6K | 221 | 75 |
About Cloudflare
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.
Following our analysis of the options activities associated with Cloudflare, we pivot to a closer look at the company's own performance.
Present Market Standing of Cloudflare
- With a trading volume of 721,992, the price of NET is down by -0.9%, reaching $95.7.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 31 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cloudflare with Benzinga Pro for real-time alerts.
© 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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