Deep-pocketed investors have adopted a bearish approach towards Salesforce CRM, 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 CRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 107 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 69% bearish. Among these notable options, 97 are puts, totaling $4,782,645, and 10 are calls, amounting to $554,020.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $175.0 to $310.0 for Salesforce over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Salesforce's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Salesforce's substantial trades, within a strike price spectrum from $175.0 to $310.0 over the preceding 30 days.
Salesforce 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRM | PUT | SWEEP | BULLISH | 02/16/24 | $210.00 | $160.5K | 3.4K | 4 |
| CRM | PUT | TRADE | BULLISH | 06/20/25 | $230.00 | $117.2K | 31 | 40 |
| CRM | CALL | TRADE | BEARISH | 01/17/25 | $175.00 | $68.7K | 338 | 14 |
| CRM | CALL | TRADE | NEUTRAL | 02/16/24 | $210.00 | $68.4K | 1.0K | 32 |
| CRM | PUT | TRADE | NEUTRAL | 01/17/25 | $290.00 | $66.3K | 4 | 181 |
About Salesforce
Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Having examined the options trading patterns of Salesforce, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Salesforce Standing Right Now?
- Currently trading with a volume of 1,340,763, the CRM's price is up by 0.38%, now at $225.23.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 2 days.
What The Experts Say On Salesforce
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $255.66666666666666.
- An analyst from BMO Capital persists with their Outperform rating on Salesforce, maintaining a target price of $252.
- Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Salesforce with a target price of $247.
- An analyst from Keybanc has decided to maintain their Overweight rating on Salesforce, which currently sits at a price target of $268.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Salesforce options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
