Salesforce Unusual Options Activity For May 19
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Salesforce (NYSE:CRM), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 43 uncommon options trades, with 39% bullish and 60% bearish sentiment. Whales have been targeting a price range of $125 to $250 for Salesforce over the last 3 months.
May 19, 2023 | 8:45 pm
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Salesforce (NYSE:CRM) experiences unusual options activity, with a large investor taking a bearish stance. 60% bearish sentiment observed among big-money traders, targeting a price range of $125 to $250.
The unusual options activity, with a majority bearish sentiment, indicates that a large investor is expecting Salesforce's stock price to decline in the short term. This could potentially impact the stock price negatively as other investors may follow suit or react to the bearish sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100