Looking At Cloudflare's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent analysis of Cloudflare's (NYSE:NET) options activity reveals a bearish sentiment among large investors, with 55% of trades being bearish. The analysis includes 18 trades, with a notable interest in options ranging from $55.0 to $120.0. Significant trades include a mix of bullish and bearish sentiments, with the largest trade being a bullish call sweep for $3.5M at a strike price of $80.00. Cloudflare, a software company specializing in security and web performance, is currently trading at $96.49, with an upcoming earnings announcement in 42 days.
March 14, 2024 | 7:15 pm
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Cloudflare's options activity indicates a bearish sentiment among large investors, despite a significant bullish call sweep. The stock is trading at $96.49, with an upcoming earnings announcement.
The mixed sentiment in options trading, with a lean towards bearishness, suggests uncertainty among investors. However, the significant bullish call sweep indicates some optimism. The upcoming earnings announcement adds to this uncertainty, making it difficult to predict short-term price movements. The stock's current trading volume and slight price increase suggest moderate investor interest.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100