Looking At Cloudflare's Recent Unusual Options Activity-February 2024-www.financetom.com

Looking At Cloudflare's Recent Unusual Options Activity

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Looking At Cloudflare's Recent Unusual Options Activity

Mar 14, 2024 12:44 PM

Whales with a lot of money to spend have taken a noticeably bearish stance on Cloudflare ( NET ).

Looking at options history for Cloudflare ( NET ) we detected 18 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $180,010 and 14, calls, for a total amount of $4,485,230.

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 $55.0 to $120.0 for Cloudflare ( NET ) during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Cloudflare's ( NET ) options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cloudflare's ( NET ) whale activity within a strike price range from $55.0 to $120.0 in the last 30 days.

Cloudflare Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
NET	CALL	SWEEP	BULLISH	05/17/24	$80.00	$3.5M	2.5K	343
NET	CALL	TRADE	BEARISH	04/19/24	$95.00	$152.1K	2.0K	933
NET	CALL	TRADE	BULLISH	04/19/24	$95.00	$131.6K	2.0K	43
NET	CALL	TRADE	BULLISH	04/19/24	$55.00	$130.0K	23	33
NET	CALL	TRADE	BEARISH	01/16/26	$90.00	$112.3K	205	35

About Cloudflare

Cloudflare ( NET ) is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Where Is Cloudflare Standing Right Now?

Trading volume stands at 1,818,508, with NET's price up by 0.62%, positioned at $96.49.

RSI indicators show the stock to be may be approaching oversold.

Earnings announcement expected in 42 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cloudflare ( NET ) options trades with real-time alerts from Benzinga Pro.

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