Salesforce Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Salesforce (NYSE:CRM) has been spotted, with 13 uncommon options trades identified. The sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $185.0 to $260.0 for Salesforce over the last 3 months.
June 07, 2023 | 1:46 pm
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A large bearish position has been spotted on Salesforce (NYSE:CRM), with 13 uncommon options trades identified. The sentiment of these big-money traders is split between 46% bullish and 53% bearish.
The large bearish position on Salesforce indicates that big-money traders are expecting the stock price to go down in the short term. This could be due to various factors such as market sentiment, technical indicators, or upcoming news. The fact that the sentiment is split between bullish and bearish traders adds some uncertainty, but the overall bearish sentiment is likely to have a negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100