Looking At Salesforce's Recent Unusual Options Activity

Author: Benzinga Insights | April 24, 2024 02:16pm

Whales with a lot of money to spend have taken a noticeably bearish stance on Salesforce.

Looking at options history for Salesforce (NYSE:CRM) we detected 17 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $295,628 and 13, calls, for a total amount of $888,921.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $410.0 for Salesforce, spanning the last three months.

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 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 $200.0 to $410.0 over the preceding 30 days.

Salesforce Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
CRM	CALL	SWEEP	BULLISH	03/21/25	$18.15	$18.05	$18.15	$330.00	$168.7K	145	8
CRM	PUT	TRADE	BULLISH	06/20/25	$45.15	$44.0	$44.0	$300.00	$158.4K	397	40
CRM	CALL	TRADE	NEUTRAL	03/21/25	$67.35	$65.8	$66.5	$230.00	$133.0K	16	10
CRM	CALL	SWEEP	BEARISH	12/20/24	$21.85	$21.65	$21.65	$300.00	$99.5K	146	64
CRM	CALL	TRADE	BEARISH	03/21/25	$70.95	$68.5	$69.0	$230.00	$69.0K	16	10

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.

Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.

Where Is Salesforce Standing Right Now?

• Trading volume stands at 1,846,367, with CRM's price up by 0.26%, positioned at $277.41.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 35 days.

Professional Analyst Ratings for Salesforce

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $351.0.

• An analyst from Stifel persists with their Buy rating on Salesforce, maintaining a target price of $350.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $350.
• An analyst from Needham downgraded its action to Buy with a price target of $345.
• Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Salesforce, targeting a price of $360.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $350.

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.

Posted In: CRM