Whales with a lot of money to spend have taken a noticeably bullish stance on Arista Networks.
Looking at options history for Arista Networks ANET we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 78% of the investors opened trades with bullish expectations and 21% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $436,026 and 6, calls, for a total amount of $403,210.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $260.0 for Arista Networks, spanning the last three 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 Arista Networks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Arista Networks's significant trades, within a strike price range of $240.0 to $260.0, over the past month.
Arista Networks Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ANET | CALL | SWEEP | BULLISH | 02/16/24 | $240.00 | $131.0K | 187 | 100 |
| ANET | PUT | SWEEP | BULLISH | 02/16/24 | $240.00 | $78.3K | 76 | 107 |
| ANET | PUT | SWEEP | BULLISH | 02/16/24 | $240.00 | $78.0K | 76 | 228 |
| ANET | PUT | SWEEP | BULLISH | 02/16/24 | $240.00 | $75.1K | 76 | 374 |
| ANET | PUT | SWEEP | NEUTRAL | 02/16/24 | $240.00 | $66.5K | 76 | 12 |
About Arista Networks
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.
Where Is Arista Networks Standing Right Now?
- Trading volume stands at 181,393, with ANET's price down by -0.42%, positioned at $235.7.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 54 days.
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 Arista Networks options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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