Whales with a lot of money to spend have taken a noticeably bullish stance on Salesforce.
Looking at options history for Salesforce (NYSE:CRM) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $289,996 and 9, calls, for a total amount of $3,105,943.
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 $250.0 and $320.0 for Salesforce, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Salesforce options trades today is 1365.31 with a total volume of 3,559.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Salesforce's big money trades within a strike price range of $250.0 to $320.0 over the last 30 days.
Salesforce 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | CALL | SWEEP | BULLISH | 06/18/26 | $66.55 | $63.7 | $63.7 | $280.00 | $1.9M | 893 | 716 |
| CRM | CALL | SWEEP | BEARISH | 07/19/24 | $4.75 | $4.5 | $4.55 | $310.00 | $712.1K | 868 | 731 |
| CRM | CALL | TRADE | BULLISH | 06/21/24 | $4.8 | $4.75 | $4.8 | $300.00 | $132.9K | 4.4K | 32 |
| CRM | CALL | TRADE | BULLISH | 06/21/24 | $4.8 | $4.7 | $4.8 | $300.00 | $116.6K | 4.4K | 317 |
| CRM | PUT | TRADE | BULLISH | 07/19/24 | $4.3 | $4.2 | $4.2 | $250.00 | $108.3K | 1.2K | 293 |
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.
In light of the recent options history for Salesforce, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Salesforce
- With a trading volume of 1,007,455, the price of CRM is down by -0.17%, reaching $277.04.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 15 days from now.
Expert Opinions on Salesforce
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $344.0.
- An analyst from Jefferies persists with their Buy rating on Salesforce, maintaining a target price of $360.
- An analyst from Piper Sandler persists with their Neutral rating on Salesforce, maintaining a target price of $300.
- An analyst from Needham downgraded its action to Buy with a price target of $345.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $350.
- Reflecting concerns, an analyst from Wolfe Research lowers its rating to Outperform with a new price target of $365.
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.