financetom
Technology
financetom
/
Technology
/
A Closer Look at Arista Networks's Options Market Dynamics
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
A Closer Look at Arista Networks's Options Market Dynamics
Nov 20, 2024 6:11 PM

Investors with a lot of money to spend have taken a bullish stance on Arista Networks ( ANET ) .

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ANET, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 30 uncommon options trades for Arista Networks ( ANET ).

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 30%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $342,871, and 21 are calls, for a total amount of $1,005,778.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $260.0 to $460.0 for Arista Networks ( ANET ) over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Arista Networks's ( ANET ) 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 Arista Networks's ( ANET ) whale trades within a strike price range from $260.0 to $460.0 in the last 30 days.

Arista Networks Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ANET CALL TRADE NEUTRAL 06/20/25 $49.1 $47.5 $48.4 $380.00 $91.9K 110 21
ANET CALL TRADE BEARISH 02/21/25 $15.3 $14.6 $14.7 $430.00 $80.8K 171 114
ANET CALL SWEEP BEARISH 02/21/25 $18.0 $17.4 $17.43 $420.00 $80.3K 309 52
ANET CALL TRADE NEUTRAL 01/17/25 $2.7 $2.1 $2.45 $460.00 $73.5K 502 311
ANET CALL TRADE BEARISH 02/21/25 $13.3 $12.6 $12.6 $430.00 $69.3K 171 0

About Arista Networks

Arista Networks ( ANET ) is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.

In light of the recent options history for Arista Networks ( ANET ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Arista Networks's Current Market Status

With a volume of 2,357,777, the price of ANET is up 1.84% at $377.3.

RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

Next earnings are expected to be released in 83 days.

Professional Analyst Ratings for Arista Networks

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $424.2.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.

* Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Arista Networks ( ANET ) with a target price of $495.

* An analyst from Wells Fargo persists with their Overweight rating on Arista Networks ( ANET ), maintaining a target price of $460.

* An analyst from UBS persists with their Neutral rating on Arista Networks ( ANET ), maintaining a target price of $425.

* An analyst from Piper Sandler has revised its rating downward to Neutral, adjusting the price target to $421.

* Maintaining their stance, an analyst from Rosenblatt continues to hold a Sell rating for Arista Networks ( ANET ), targeting a price of $320.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Arista Networks ( ANET ), Benzinga Pro gives you real-time options trades alerts.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Beyond The Numbers: 6 Analysts Discuss Jamf Holding Stock
Beyond The Numbers: 6 Analysts Discuss Jamf Holding Stock
Feb 26, 2025
Across the recent three months, 6 analysts have shared their insights on Jamf Holding ( JAMF ) , expressing a variety of opinions spanning from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent...
What the Options Market Tells Us About ON Semiconductor
What the Options Market Tells Us About ON Semiconductor
Feb 26, 2025
Deep-pocketed investors have adopted a bearish approach towards ON Semiconductor , 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 ON usually suggests something big is about to happen. We gleaned this information from our observations...
US Senate confirms Trump trade chief Greer ahead of Canada, Mexico tariffs
US Senate confirms Trump trade chief Greer ahead of Canada, Mexico tariffs
Feb 26, 2025
* Veteran from Trump's first term set to help lead trade initiatives * Set to take helm just days ahead of tariff deadlines for Mexico, Canada * Greer wants a USMCA renegotiation right out of the gate By David Lawder WASHINGTON, Feb 26 (Reuters) - A majority of the U.S. Senate on Wednesday voted to confirm Jamieson Greer as U.S....
Analyst Expectations For Accenture's Future
Analyst Expectations For Accenture's Future
Feb 26, 2025
Accenture ( ACN ) has been analyzed by 11 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish...
Copyright 2023-2025 - www.financetom.com All Rights Reserved