Spotlight on Arista Networks: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen a significant surge in options activity, with an unusual split of 50% bullish and 50% bearish sentiment among big-money traders. The options scanner revealed 16 uncommon trades, with a focus on a price band between $220.0 and $300.0. The largest trades include both puts and calls, with varying sentiments and strike prices. Arista Networks, a provider of networking equipment, has its stock price slightly up by 0.93% at $275.64, with an earnings announcement expected in 7 days. Market experts have issued positive ratings, with a consensus target price of approximately $297.67.
February 05, 2024 | 3:31 pm
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Arista Networks sees unusual options activity with a balanced sentiment. Stock slightly up, with positive analyst ratings and an earnings announcement soon.
The surge in options activity, especially with a significant amount directed towards calls, indicates a bullish sentiment among some investors. This, combined with positive analyst ratings and an upcoming earnings announcement, could lead to increased investor interest and potentially a short-term price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100