Salesforce Unusual Options Activity For March 17

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 28 strange trades.

If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 67% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $781,700 and 15, calls, for a total amount of $2,145,352.

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 $125.0 to $260.0 for Salesforce over the last 3 months.

Volume & Open Interest Development

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 Salesforce'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 Salesforce's whale trades within a strike price range from $125.0 to $260.0 in 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 CALL SWEEP BULLISH 03/17/23 $145.00 $1.2M 1.7K 293
CRM CALL SWEEP BULLISH 03/17/23 $155.00 $265.5K 5.7K 3
CRM PUT SWEEP BEARISH 09/15/23 $200.00 $193.2K 46 126
CRM CALL SWEEP BEARISH 03/17/23 $180.00 $157.5K 4.0K 353
CRM PUT SWEEP BULLISH 09/15/23 $180.00 $112.8K 1.3K 237

Where Is Salesforce Standing Right Now?

  • With a volume of 3,761,712, the price of CRM is down -0.52% at $186.33.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 74 days.

What The Experts Say On Salesforce:

  • B of A Securities has decided to maintain their Buy rating on Salesforce, which currently sits at a price target of $235.
  • BMO Capital has decided to maintain their Outperform rating on Salesforce, which currently sits at a price target of $230.
  • JMP Securities downgraded its action to Market Perform with a price target of $250
  • RBC Capital has decided to maintain their Outperform rating on Salesforce, which currently sits at a price target of $225.
  • Canaccord Genuity has decided to maintain their Buy rating on Salesforce, which currently sits at a price target of $215.

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.

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Posted In: OptionsMarketsBZI-UOA
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