Benzinga | Jan 5, 2022 10:45AM EST

What Are Whales Doing With Salesforce.com

Someone with a lot of money to spend has taken a bullish stance on Salesforce.com (NYSE:CRM).

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CRM, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Salesforce.com.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $468,457, and 7 are calls, for a total amount of $238,587.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $210.0 to $320.0 for Salesforce.com over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Salesforce.com options trades today is 1948.8 with a total volume of 11,107.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Salesforce.com's big money trades within a strike price range of $210.0 to $320.0 over the last 30 days.

Salesforce.com Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestCRM PUT SWEEP BULLISH 03/18/ $230.00 $297.7K 3.8K 1.0K 22CRM PUT SWEEP NEUTRAL 01/19/ $320.00 $60.0K 85 10 24CRM PUT TRADE BEARISH 02/18/ $220.00 $49.3K 964 875 22CRM CALL SWEEP NEUTRAL 01/21/ $240.00 $44.0K 4.5K 785 22CRM CALL SWEEP BEARISH 01/20/ $300.00 $41.6K 4.0K 347 23

Where Is Salesforce.com Standing Right Now?

* With a volume of 5,389,201, the price of CRM is down -5.48% at $234.62.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 50 days.

What The Experts Say On Salesforce.com:

* UBS downgraded its action to Neutral with a price target of $265

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.