Whales with a lot of money to spend have taken a noticeably bearish stance on Arista Networks.
Looking at options history for Arista Networks ANET we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $76,232 and 10, calls, for a total amount of $508,916.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $330.0 for Arista Networks during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Arista Networks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Arista Networks's substantial trades, within a strike price spectrum from $100.0 to $330.0 over the preceding 30 days.
Arista Networks 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ANET | CALL | TRADE | BULLISH | 03/15/24 | $250.00 | $98.0K | 709 | 77 |
| ANET | CALL | TRADE | BULLISH | 06/21/24 | $280.00 | $91.5K | 639 | 75 |
| ANET | CALL | SWEEP | BEARISH | 06/20/25 | $330.00 | $57.5K | 23 | 25 |
| ANET | CALL | TRADE | NEUTRAL | 01/19/24 | $100.00 | $54.0K | 84 | 0 |
| ANET | PUT | SWEEP | BEARISH | 01/12/24 | $250.00 | $50.4K | 1 | 161 |
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.
Following our analysis of the options activities associated with Arista Networks, we pivot to a closer look at the company's own performance.
Present Market Standing of Arista Networks
- With a volume of 576,953, the price of ANET is up 5.04% at $242.56.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 35 days.
What The Experts Say On Arista Networks
2 market experts have recently issued ratings for this stock, with a consensus target price of $286.0.
- Showing optimism, an analyst from Melius Research upgrades its rating to Buy with a revised price target of $300.
- An analyst from Morgan Stanley persists with their Overweight rating on Arista Networks, maintaining a target price of $272.
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 Arista Networks, Benzinga Pro gives you real-time options trades alerts.
© 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.
