A Closer Look at Nutanix's Options Market Dynamics

High-rolling investors have positioned themselves bullish on Nutanix NTNX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NTNX often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 16 options trades for Nutanix. This is not a typical pattern.

The sentiment among these major traders is split, with 87% bullish and 12% bearish. Among all the options we identified, there was one put, amounting to $292,500, and 15 calls, totaling $784,808.

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Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $40.0 for Nutanix over the last 3 months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nutanix's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nutanix's significant trades, within a strike price range of $30.0 to $40.0, over the past month.

Nutanix Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Nutanix

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.

Having examined the options trading patterns of Nutanix, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Nutanix

• Trading volume stands at 1,484,611, with NTNX's price down by -2.05%, positioned at $39.22.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 14 days.

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. Keep up with the latest options trades for Nutanix with Benzinga Pro for real-time alerts.