Financial giants have made a conspicuous bullish move on Arista Networks ( ANET ). Our analysis of options history for Arista Networks ( ANET ) revealed 8 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $111,964, and 4 were calls, valued at $324,522.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $230.0 for Arista Networks ( ANET ), spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Arista Networks ( ANET ) stands at 561.33, with a total volume reaching 232.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Arista Networks ( ANET ), situated within the strike price corridor from $110.0 to $230.0, throughout the last 30 days.

Arista Networks Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

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

Current Position of Arista Networks

With a trading volume of 702,748, the price of ANET is up by 2.15%, reaching $160.14.

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

Next earnings report is scheduled for 6 days from now.

Expert Opinions on Arista Networks

1 market experts have recently issued ratings for this stock, with a consensus target price of $171.0.

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* Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Arista Networks ( ANET ), targeting a price of $171.

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