Deep-pocketed investors have adopted a bullish 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 59 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 49% leaning bullish and 32% bearish. Among these notable options, 16 are puts, totaling $927,743, and 43 are calls, amounting to $3,817,628.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $240.0 for Arista Networks over the last 3 months.

Volume & Open Interest Trends

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 Arista Networks'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 Arista Networks's whale trades within a strike price range from $100.0 to $240.0 in the last 30 days.

Arista Networks Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Arista Networks

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

Present Market Standing of Arista Networks

• With a volume of 5,444,532, the price of ANET is up 2.44% at $150.27.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 15 days.

Professional Analyst Ratings for Arista Networks

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $159.0.

• An analyst from Piper Sandler upgraded its action to Overweight with a price target of $159.

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.