Looking At Salesforce's Recent Unusual Options Activity

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

Looking at options history for Salesforce CRM we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $892,088 and 4, calls, for a total amount of $169,260.

Get Started

Start Futures Trading Fast — with a $200 Bonus

Join Plus500 today and get up to $200 to start trading real futures. Practice with free paper trading, then jump into live markets with lightning-fast execution, low commissions, and full regulatory protection.

Get Started

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 $155.0 to $200.0 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 1743.0 with a total volume of 4,213.00.

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 $155.0 to $200.0 over the last 30 days.

Salesforce Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Salesforce Standing Right Now?

• With a volume of 483,965, the price of CRM is up 0.35% at $188.1.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 67 days.

What The Experts Say On Salesforce:

• TD Cowen has decided to maintain their Outperform rating on Salesforce, which currently sits at a price target of $190.
• Baird has decided to maintain their Neutral rating on Salesforce, which currently sits at a price target of $200.
• Deutsche Bank has decided to maintain their Buy rating on Salesforce, which currently sits at a price target of $240.
• Northland Capital Markets has decided to maintain their Market Perform rating on Salesforce, which currently sits at a price target of $181.
• BMO Capital has decided to maintain their Outperform rating on Salesforce, which currently sits at a price target of $230.

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.