Salesforce Whale Trades Spotted

Salesforce Whale Trades Spotted

 

A whale with a lot of money to spend has taken a noticeably bearish stance on Salesforce.

Looking at options history for Salesforce CRM we detected 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $2,498,248 and 6, calls, for a total amount of $320,481.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $165.0 to $230.0 for Salesforce over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 906.36 with a total volume of 4,806.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Salesforce's big money trades within a strike price range of $165.0 to $230.0 over the last 30 days.

Salesforce Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CRM PUT TRADE NEUTRAL 06/16/23 $180.00 $1.0M 1.1K 500
CRM PUT TRADE BULLISH 01/20/23 $180.00 $702.5K 3.6K 500
CRM PUT SWEEP BULLISH 06/16/23 $165.00 $126.8K 691 89
CRM PUT SWEEP BEARISH 08/26/22 $180.00 $124.8K 530 640
CRM PUT SWEEP NEUTRAL 08/26/22 $180.00 $114.5K 530 930

Where Is Salesforce Standing Right Now?

  • With a volume of 798,114, the price of CRM is down -0.19% at $189.52.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 9 days.

What The Experts Say On Salesforce:

  • Guggenheim downgraded its action to Sell with a price target of $150
  • Piper Sandler has decided to maintain their Overweight rating on Salesforce, which currently sits at a price target of $220.

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.

Posted In: BZI-UOAOptionsMarkets