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SentinelOne Unusual Options Activity For March 06
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SentinelOne Unusual Options Activity For March 06
Mar 6, 2024 10:51 AM

Whales with a lot of money to spend have taken a noticeably bullish stance on SentinelOne ( S ).

Looking at options history for SentinelOne ( S ) we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $154,032 and 10, calls, for a total amount of $1,148,970.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $23.0 and $37.0 for SentinelOne ( S ), spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for SentinelOne's ( S ) options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SentinelOne's ( S ) significant trades, within a strike price range of $23.0 to $37.0, over the past month.

SentinelOne Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
S CALL SWEEP BULLISH 08/16/24 $35.00 $478.3K 2.7K 1.9K
S CALL SWEEP BULLISH 09/20/24 $33.00 $187.2K 2 403
S CALL TRADE BEARISH 01/17/25 $37.00 $159.3K 497 501
S CALL SWEEP BULLISH 08/16/24 $35.00 $77.3K 2.7K 1
S CALL SWEEP BEARISH 01/17/25 $35.00 $62.8K 3.4K 162

About SentinelOne

SentinelOne ( S ) is a cloud-based cybersecurity company specializing in endpoint protection. SentinelOne's ( S ) primary offering is its Singularity platform that offers a single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The California-based firm was founded in 2013 and went public in 2021.

Having examined the options trading patterns of SentinelOne ( S ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of SentinelOne

With a trading volume of 5,073,883, the price of S is up by 6.51%, reaching $27.16.

Current RSI values indicate that the stock is is currently neutral between overbought and oversold.

Next earnings report is scheduled for 7 days from now.

Expert Opinions on SentinelOne

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $31.666666666666668.

An analyst from Guggenheim persists with their Buy rating on SentinelOne ( S ), maintaining a target price of $32.

An analyst from B of A Securities has elevated its stance to Buy, setting a new price target at $35.

An analyst from Goldman Sachs persists with their Neutral rating on SentinelOne ( S ), maintaining a target price of $28.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SentinelOne ( S ) with Benzinga Pro for real-time alerts.

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