Deep-pocketed investors have adopted a bearish approach towards Salesforce (NYSE:CRM), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 27 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 29% leaning bullish and 59% bearish. Among these notable options, 12 are puts, totaling $1,405,948, and 15 are calls, amounting to $832,944.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $360.0 for Salesforce during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Salesforce stands at 1495.35, with a total volume reaching 2,900.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Salesforce, situated within the strike price corridor from $240.0 to $360.0, throughout the last 30 days.
Salesforce 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRM | PUT | TRADE | BEARISH | 06/20/25 | $17.8 | $17.5 | $17.7 | $270.00 | $796.5K | 2.3K | 528 |
| CRM | CALL | SWEEP | BULLISH | 01/17/25 | $18.7 | $18.5 | $18.64 | $300.00 | $164.4K | 7.1K | 203 |
| CRM | PUT | TRADE | BULLISH | 12/20/24 | $13.3 | $12.55 | $12.75 | $290.00 | $127.5K | 1.5K | 109 |
| CRM | PUT | SWEEP | NEUTRAL | 12/20/24 | $12.45 | $12.45 | $12.45 | $290.00 | $105.8K | 1.5K | 208 |
| CRM | CALL | SWEEP | NEUTRAL | 01/16/26 | $60.05 | $59.7 | $59.7 | $280.00 | $89.5K | 1.4K | 15 |
About Salesforce
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Present Market Standing of Salesforce
- Currently trading with a volume of 1,344,015, the CRM's price is up by 1.07%, now at $297.87.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 23 days.
Professional Analyst Ratings for Salesforce
In the last month, 2 experts released ratings on this stock with an average target price of $340.0.
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