Benzinga's options scanner just detected over 31 options trades for Arista Networks ( ANET ) summing a total amount of $3,256,428.

At the same time, our algo caught 22 for a total amount of 2,905,558.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $107.5 for Arista Networks ( ANET ), spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Arista Networks ( ANET ) options trades today is 1930.08 with a total volume of 54,023.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Arista Networks's ( ANET ) big money trades within a strike price range of $60.0 to $107.5 over the last 30 days.

Arista Networks Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Current Position of Arista Networks

With a trading volume of 2,267,446, the price of ANET is up by 0.48%, reaching $77.85.

Current RSI values indicate that the stock is may be approaching oversold.

Next earnings report is scheduled for 35 days from now.

Expert Opinions on Arista Networks

1 market experts have recently issued ratings for this stock, with a consensus target price of $115.0.

Unusual Options Activity Detected: Smart Money on the Move

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* In a positive move, an analyst from UBS has upgraded their rating to Buy and adjusted the price target to $115.

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 Arista Networks ( ANET ) with Benzinga Pro for real-time alerts.