Deep-pocketed investors have adopted a bearish approach towards Arista Networks (NYSE:ANET), 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 ANET usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 24 extraordinary options activities for Arista Networks. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 16% leaning bullish and 54% bearish. Among these notable options, 5 are puts, totaling $188,958, and 19 are calls, amounting to $1,075,440.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $160.0 for Arista Networks over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Arista Networks stands at 348.75, with a total volume reaching 1,213.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Arista Networks, situated within the strike price corridor from $100.0 to $160.0, throughout the last 30 days.
Arista Networks 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ANET | CALL | TRADE | BEARISH | 12/18/26 | $28.3 | $27.3 | $27.3 | $125.00 | $163.8K | 124 | 100 |
| ANET | CALL | SWEEP | BEARISH | 01/21/28 | $39.8 | $39.4 | $39.8 | $125.00 | $123.3K | 264 | 31 |
| ANET | PUT | SWEEP | NEUTRAL | 01/16/26 | $2.18 | $1.1 | $1.84 | $127.00 | $73.3K | 196 | 403 |
| ANET | CALL | SWEEP | BEARISH | 08/21/26 | $24.75 | $24.6 | $24.75 | $120.00 | $61.8K | 0 | 57 |
| ANET | CALL | TRADE | BEARISH | 08/21/26 | $20.75 | $20.25 | $20.25 | $130.00 | $58.7K | 3 | 72 |
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.
Current Position of Arista Networks
- Trading volume stands at 512,611, with ANET's price down by -2.81%, positioned at $126.28.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 34 days.
Expert Opinions on Arista Networks
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $159.0.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Arista Networks with a target price of $159.
- An analyst from Piper Sandler upgraded its action to Overweight with a price target of $159.
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.
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