Expert: Salesforce.com Investors Should Keep This In Mind

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan discussed salesforce.com, inc. CRM ahead of its Q4 release and noted that it was up about 7 percent since its last earnings report.

The weekly and monthly $60 Puts both saw action after the stock had come “off a really nice run since February 9,” after which “it gained almost 10 percent,” Kinahan explained.

Related Link: DA Davidson On Salesforce.com: 'The Most Important Earnings Report in the History of SaaS?'

“Now it's selling off a little bit,” much of that through “natural market movement," he added.

Kinahan said he's not surprised to see Put-sellers in the market; almost all of Salesforce.com's 7 percent gain since the previous earnings release had come since February 9.

Heading into its earnings report, Salesforce.com traded at $62.40, up 0.76 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

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