Deep-pocketed investors have adopted a bullish approach towards Salesforce (NYSE:CRM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CRM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 61% leaning bullish and 38% bearish. Among these notable options, 4 are puts, totaling $500,292, and 9 are calls, amounting to $413,815.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $180.0 to $300.0 for Salesforce over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Salesforce stands at 1083.22, with a total volume reaching 380.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Salesforce, situated within the strike price corridor from $180.0 to $300.0, throughout the last 30 days.

Salesforce Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Salesforce

Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.

Salesforce's Current Market Status

• With a volume of 499,407, the price of CRM is up 1.08% at $278.13.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 19 days.

What The Experts Say On Salesforce

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $353.4.

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