Deep-pocketed investors have adopted a bearish approach towards Cloudflare (NYSE:NET), 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 NET usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Cloudflare. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 6% leaning bullish and 46% bearish. Among these notable options, 3 are puts, totaling $116,935, and 12 are calls, amounting to $731,906.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $220.0 to $270.0 for Cloudflare 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 Cloudflare'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 Cloudflare's whale trades within a strike price range from $220.0 to $270.0 in the last 30 days.
Cloudflare Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NET | CALL | SWEEP | NEUTRAL | 01/16/26 | $8.85 | $8.0 | $8.6 | $270.00 | $343.3K | 413 | 404 |
| NET | CALL | SWEEP | BEARISH | 11/21/25 | $7.45 | $7.2 | $7.2 | $240.00 | $64.8K | 492 | 105 |
| NET | CALL | SWEEP | BEARISH | 05/15/26 | $36.45 | $34.15 | $34.66 | $250.00 | $52.0K | 95 | 10 |
| NET | PUT | SWEEP | BULLISH | 11/21/25 | $4.75 | $4.25 | $4.25 | $230.00 | $42.9K | 269 | 105 |
| NET | PUT | SWEEP | BEARISH | 11/21/25 | $4.75 | $4.15 | $4.28 | $230.00 | $42.5K | 269 | 105 |
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.
In light of the recent options history for Cloudflare, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Cloudflare
- Currently trading with a volume of 481,253, the NET's price is down by -0.97%, now at $238.19.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 86 days.
What The Experts Say On Cloudflare
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $268.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Argus Research keeps a Buy rating on Cloudflare with a target price of $265. * Maintaining their stance, an analyst from Cantor Fitzgerald continues to hold a Neutral rating for Cloudflare, targeting a price of $224. * An analyst from Stifel has decided to maintain their Buy rating on Cloudflare, which currently sits at a price target of $275. * An analyst from Susquehanna persists with their Neutral rating on Cloudflare, maintaining a target price of $260. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Cloudflare with a target price of $318.
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 Cloudflare options trades with real-time alerts from Benzinga Pro.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
