Behind the Scenes of Cloudflare's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Cloudflare (NYSE:NET) has seen a balanced mix of bullish and bearish options trading activity, with significant investors targeting a price range of $80.0 to $130.0 over the next three months. The trading volume and open interest for Cloudflare's options have been analyzed, revealing notable trades and sentiments. Cloudflare's current trading volume is 2,000,262, with a price decrease of -4.1%, and an RSI indicating a potential overbought situation. Professional analysts have set an average price target of $110.4 for Cloudflare, with varying ratings from Neutral to Buy.
February 21, 2024 | 6:45 pm
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NEUTRAL IMPACT
Cloudflare has experienced a balanced mix of bullish and bearish options trading, with a significant price target range set by investors. The stock's current performance shows a decrease, and analysts have provided mixed ratings with an average price target of $110.4.
The balanced mix of bullish and bearish options trading indicates uncertainty in Cloudflare's short-term price direction. The current price decrease and mixed analyst ratings further contribute to this uncertainty. However, the significant price target range and the average price target set by analysts suggest a potential for recovery or growth, making the short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100