Salesforce Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Salesforce (NYSE:CRM) has been spotted, with 18 uncommon options trades identified. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. Whales have been targeting a price range from $190.0 to $240.0 for Salesforce over the last 3 months.
June 02, 2023 | 2:15 pm
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A large bearish position has been identified in Salesforce (NYSE:CRM) options, with 18 uncommon trades spotted. Big-money traders' sentiment is split 44% bullish and 55% bearish, targeting a price range of $190.0 to $240.0.
The large bearish position in Salesforce options indicates that big-money traders expect the stock price to decline in the short term. This bearish sentiment, combined with the fact that 55% of the big-money traders are bearish, suggests that the stock price is likely to go down in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100