Arista Networks's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Arista Networks (NYSE:ANET).

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 ANET, 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 14 uncommon options trades for Arista Networks.

This isn't normal.

The overall sentiment of these big-money traders is split between 35% bullish and 35%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $372,139, and 11 are calls, for a total amount of $513,775.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $143.0 for Arista Networks over the last 3 months.

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 Arista Networks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Arista Networks's significant trades, within a strike price range of $75.0 to $143.0, over the past month.

Arista Networks Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Arista Networks

Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.

In light of the recent options history for Arista Networks, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Arista Networks's Current Market Status

• With a trading volume of 3,923,507, the price of ANET is up by 0.12%, reaching $126.04.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 63 days from now.

What The Experts Say On Arista Networks

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $140.0.

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 Rosenblatt keeps a Neutral rating on Arista Networks with a target price of $140.

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 Arista Networks options trades with real-time alerts from Benzinga Pro.