Out in the wild and woolly realm of market speculation, the big kahunas, the whales, have taken a noticeable bullish stance on Cloudflare.
Gazing into the entrails of the options history for Cloudflare NET, we uncover 10 trades that have left their indelible mark.
Delving into the specifics of each trade, it befits us to acknowledge that 50% of these intrepid investors unfurled their sails with bullish expectations, while the remaining 50% ventured bearish prognostications.
Of all the battles royale in the arena, 4 puts have been unleashed, wielding a collective value of $244,064, while 6 calls, worth a collective $342,747, have taken their place in the sun.
Gauging the Price Targets
Based on the unfolding drama of trading activity, it appears that the grandee investors have fixed their sights on a price territory ranging from $80.0 to $130.0 for Cloudflare over the recent three-month span.
Peering into Volume & Open Interest
Peering into the volume and open interest is a savvy move in the world of options trading. This information can serve as a compass to gauge the liquidity and interest for Cloudflare’s options at any given strike price. The evolution of the volume and open interest of calls and puts, respectively, for all of Cloudflare’s whale trades within the strike price range of $80.0 to $130.0 over the past 30 days, is an enterprise fraught with peril.
Pondering Cloudflare’s Option Activity Analysis: Last 30 Days
Behold the Most Monumental Options Trades
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NET | CALL | SWEEP | BEARISH | 01/17/25 | $130.00 | $141.5K | 20 | 315 |
| NET | PUT | SWEEP | BULLISH | 07/19/24 | $80.00 | $79.8K | 221 | 179 |
| NET | PUT | SWEEP | BULLISH | 01/17/25 | $90.00 | $73.6K | 507 | 52 |
| NET | PUT | SWEEP | BULLISH | 03/15/24 | $95.00 | $64.8K | 2.4K | 35 |
| NET | CALL | TRADE | NEUTRAL | 03/28/24 | $95.00 | $60.0K | 1.0K | 100 |
On the Subject of Cloudflare
Cloudflare is a software company ensconced in San Francisco, California, proffering security and web performance offerings through the marvels of a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, harnesses this network to furnish clients with the means to deploy and execute code without maintaining servers.
Taking Cloudflare’s Pulse
- Trading volume stands at 2,000,262, with NET’s price down by -4.1%, dutifully taking its place at $93.97.
- The RSI indicators cast a wary eye on the stock, hinting that it may be tiptoeing into overbought territory.
- An earnings announcement is slated to grace us in 64 days.
Analyst Ratings for Cloudflare
A coterie of 5 professional analysts have bequeathed their estimations of this stock in the last month, bequeathing an average price target of $110.4.
- Remaining staunch in their evaluation, an analyst from Susquehanna maintains a Neutral rating on Cloudflare with a target price of $115.
- An analyst from Cantor Fitzgerald downgrades its posture to Neutral with a price target of $100.
- An analyst from Needham refuses to budge from their Buy rating on Cloudflare, which presently stands at a price target of $135.
- An analyst from DZ Bank has seen fit to revise its rating downward to Hold, tweaking the price target to $110.
- Consistent in their evaluation, an analyst from Morgan Stanley upholds an Equal-Weight rating on Cloudflare with a target price of $92.
Options, with their brimming potential for profit, are a riskier venture compared to mere stock trading. Seasoned options traders navigate this perilous strait with daily edification, deftly scaling in and out of trades, following the guidance of multiple indicators, and vigilantly tracking market movements.
Should you wish to be privy to the latest options machinations for Cloudflare, reaching for the insights of Benzinga Pro promises real-time options trade alerts.