CRM
Salesforce, Inc.
stock NYSE

SNOW 9%, CRWD 10%, INTU 7%, NOW 5%, APP 9%, SHOP 7%, CRM 5%, NVO 15%, ORCL 5%, ADBE 5%, and the list goes on 🫡😎

The AI overreaction is real.
My $LargeTechCompany is literally sending emails to us to check and verify our transition to Atlassian cloud from our own hosted instance of Jira.
It's comical to think enterprises are going to abandon NOW, WDAY, CRM, etc.
Not. Going. To. Happen.
AI is very powerful, but it's not about the code. SaaS is far more than code.
You're going to vibe a new Workday for your company? LOL. You're going to keep up with labor laws and regulations, compliance? International compliance?
I'm convinced the market is irrational, but I also know the market can stay irrational longer than we can remain solvent.

I am thinking about Netflix, Service now and Salesforce.
They were all richly valued but it's not clear to me why they should be impacted by the AI vs SaaS discussion.
1. Netflix has more of a content problem but they clearly are the best distribution channel in the world. Also, companies that tried to compete didn't go far.
2. Replacing a CRM is far from trivial, having something like a vibe-coded CRM is laughable. No way AI is going to replace that. If anything those companies will integrate AI more and mpre in their tools.

3/13 CRM 185c

In the meantime, the stocks I mentioned are ONLY DOWN, again and again and again, -3% or -5% every day. Almost every day has been a bloodbath for many weeks now.
I'm almost guaranteed to be in the green sooner or later if I short ACN, ADBE, and CRM here, haha.

I keep adding Adobe since 290 when I can. I could go on all day about why Adobe specifically... But I'll keep it generic to many companies like CRM team now intu etc.
Claude code can make software, cool. What about security, billing, upgrades, integration, merely having a vendor to yell at when something breaks.
It's all ridiculous, especially for Adobe I say, but frankly even the other tickets I mentioned are definitely on sale, especially next to downright expensive defensive stocks like mo PG pep

I’m looking at:
* Accenture (ACN)
* Adobe (ADBE)
* Salesforce (CRM)
* Oracle (ORCL)
* ServiceNow (NOW)
* Microsoft (MSFT)
And also:
* IBM
* Intuit (INTU)
* Snowflake (SNOW)
* Autodesk (ADSK)
Most of them are down 30% or more in just a few weeks. Even MSFT is rolling over.
Yes, they had a huge run over the last two years. Valuations were stretched. You could argue it was a full bubble.
But now the selling is accelerating. Heavy volume. No real bounces. It feels different from a normal pullback.
So the question is simple:
Is AI structurally destroying the moat of these incumbents?
If AI reduces the need for consultants, implementation teams, layers of enterprise software… what happens to ACN? To CRM? To NOW?
If coding gets automated, what happens to ORCL, ADBE, ADSK?
If AI-native tools rebuild workflows from scratch, what happens to the whole legacy SaaS stack?
OpenAI and its CEO are destroying these stocks... and me along with them, haha.

Ms employee here :)
don't forget Google and Msft's line of business are completely different. Msft targets enterprise segments, through Azure, Windows, M365 (Office Suite, SharePoint, Teams, Outlook & AAD), D365, etc. Google's, rather Alphabet's, customers are end consumers and they earn through YouTube, AdSense, Search, Pixel, FitBit, etc. Forget about Android and Chromium, they are open source.
so, Google is never the direct competitor of Msft. For the customer segment, Msft performs miseably than Google, I agree. I myself prefer Gemini to ChatGPT, Chrome to Edge, Gmail to Outlook, Mac to Windows, but Msft's primary line of business is never end consumers like us.
ChatGPT integration works charmingly with PowerPoint, Excel, Word, Outlook summarization, Teams meeting notes and trackings, M365 copilot, etc., from which enterprise customers get a lot of help. Also, I can vouch that there is no substitute in the market for Excel for finances sector, and Powerpoint for sales sector.
Moreover, Ms Azure is way bigger than GCP. Ms has got an entire gaming division, Xbox, which is again a monopoly after PlayStation. Ms owns GitHub, LinkedIn. Ms has complete ERP and CRM suites, and only competes with SAP and Salesforce. Ms has Surface segment as well.
So, yeah, summarizing, Google, Ms, Apple, Meta, Nvidia are all the stocks that have risen to their position through all these decades, and they will continue to grow and hold their position in the future as well.

Looks like sellers are getting exhausted here. Adding more SPY and CRM puts! Thanks

Which dip are yall buying?
MSFT, NVO, CRM, CRWD

CRM looking real juice

anyone got Puts on SNOW, CRM from last week ?

it is too low already and not sure buying puts now make sense

As a guy holding NFLX/CRM calls I picked a bad week for my wife to discover my RH account

Anyone buying CRM, NOW, or MSFT here? MSFT touched 200 week.

Your list is legit, but it reads more great businesses than value at todays multiples (esp. NOW/CRM). If you want largecap value watchlist ideas, I’d look at:
GOOGL: strong FCF, net cash, still priced with ad-cycle/AI uncertainty. watch regulatory risk.
BRK.B: diversified cash flows + large cash pile. risk is opportunity cost if valuations stay high.
JPM: scale + deposit franchise, sensitive to credit cycle and regulation.
XOM/CVX: shareholder returns + disciplined capex, obvious commodity/energy transition risk.
CSCO: cash generation and buybacks. risk is low growth/competition.
What’s your target value filter? P/FCF range, dividend yield, or a needed margin of safety vs. DCF?

## Highest Premium
These options offer the highest ratio of implied volatility (IV) relative to historical volatility (HV). These options are priced to move significantly more than they have moved in the past. Sell iron condors on these as they may be over priced.
| Stock/C/P | % Change | Direction | Put $ | Call $ | Put Premium | Call Premium | E.R. | Beta | Efficiency |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| VXX/34/27 | 0.46% | 30.93 | $2.44 | $2.28 | 1.55 | 2.1 | N/A | -2.96 | 71.9 |
| USO/90/80 | 0.81% | 78.05 | $5.15 | $4.03 | 1.73 | 1.9 | N/A | 0.57 | 92.7 |
| EWY/155/135 | -0.99% | 165.42 | $8.1 | $6.1 | 1.83 | 1.76 | N/A | 0.85 | 89.3 |
| UCO/30/24 | 1.77% | 135.4 | $2.2 | $2.17 | 1.61 | 1.98 | N/A | 0.98 | 78.3 |
| INTU/400/360 | -1.46% | -225.38 | $29.8 | $20.2 | 1.86 | 1.71 | 86 | 0.96 | 79.6 |
| ADBE/270/245 | -1.93% | -116.67 | $14.58 | $11.75 | 1.69 | 1.69 | 107 | 0.71 | 78.6 |
| EEM/64/61.5 | -0.54% | 42.4 | $1.58 | $1.25 | 1.66 | 1.51 | N/A | 0.62 | 96.4 |
| CRM/195/175 | -2.26% | -148.33 | $12.15 | $7.6 | 1.65 | 1.47 | 92 | 0.95 | 91.3 |
| CHWY/30/25 | -2.08% | -102.17 | $2.01 | $1.01 | 1.51 | 1.61 | N/A | 0.87 | 72.7 |
| TEAM/85/70 | -3.65% | -275.82 | $6.35 | $3.85 | 1.49 | 1.55 | N/A | 1.27 | 76.5 |
## Expensive Calls
These call options offer the highest ratio of bullish premium paid (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move up significantly more than it has moved up in the past. Sell these calls.
| Stock/C/P | % Change | Direction | Put $ | Call $ | Put Premium | Call Premium | E.R. | Beta | Efficiency |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| VXX/34/27 | 0.46% | 30.93 | $2.44 | $2.28 | 1.55 | 2.1 | N/A | -2.96 | 71.9 |
| UCO/30/24 | 1.77% | 135.4 | $2.2 | $2.17 | 1.61 | 1.98 | N/A | 0.98 | 78.3 |
| USO/90/80 | 0.81% | 78.05 | $5.15 | $4.03 | 1.73 | 1.9 | N/A | 0.57 | 92.7 |
| EWY/155/135 | -0.99% | 165.42 | $8.1 | $6.1 | 1.83 | 1.76 | N/A | 0.85 | 89.3 |
| INTU/400/360 | -1.46% | -225.38 | $29.8 | $20.2 | 1.86 | 1.71 | 86 | 0.96 | 79.6 |
| ADBE/270/245 | -1.93% | -116.67 | $14.58 | $11.75 | 1.69 | 1.69 | 107 | 0.71 | 78.6 |
| CHWY/30/25 | -2.08% | -102.17 | $2.01 | $1.01 | 1.51 | 1.61 | N/A | 0.87 | 72.7 |
| TEAM/85/70 | -3.65% | -275.82 | $6.35 | $3.85 | 1.49 | 1.55 | N/A | 1.27 | 76.5 |
| EEM/64/61.5 | -0.54% | 42.4 | $1.58 | $1.25 | 1.66 | 1.51 | N/A | 0.62 | 96.4 |
| CRM/195/175 | -2.26% | -148.33 | $12.15 | $7.6 | 1.65 | 1.47 | 92 | 0.95 | 91.3 |
## Expensive Puts
These put options offer the highest ratio of bearish premium paid (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move down significantly more than it has moved down in the past. Sell these puts.
| Stock/C/P | % Change | Direction | Put $ | Call $ | Put Premium | Call Premium | E.R. | Beta | Efficiency |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| INTU/400/360 | -1.46% | -225.38 | $29.8 | $20.2 | 1.86 | 1.71 | 86 | 0.96 | 79.6 |
| EWY/155/135 | -0.99% | 165.42 | $8.1 | $6.1 | 1.83 | 1.76 | N/A | 0.85 | 89.3 |
| USO/90/80 | 0.81% | 78.05 | $5.15 | $4.03 | 1.73 | 1.9 | N/A | 0.57 | 92.7 |
| ADBE/270/245 | -1.93% | -116.67 | $14.58 | $11.75 | 1.69 | 1.69 | 107 | 0.71 | 78.6 |
| EEM/64/61.5 | -0.54% | 42.4 | $1.58 | $1.25 | 1.66 | 1.51 | N/A | 0.62 | 96.4 |
| IVV/710/685 | -0.16% | -35.08 | $14.2 | $7.75 | 1.66 | 1.13 | N/A | 0.96 | 72.6 |
| CRM/195/175 | -2.26% | -148.33 | $12.15 | $7.6 | 1.65 | 1.47 | 92 | 0.95 | 91.3 |
| SPY/704/684 | -0.24% | -29.5 | $14.06 | $9.54 | 1.65 | 1.19 | N/A | 1.0 | 99.6 |
| LQD/113/111 | 0.04% | -60.77 | $0.82 | $0.33 | 1.62 | 0.81 | N/A | 0.15 | 86.7 |
| UCO/30/24 | 1.77% | 135.4 | $2.2 | $2.17 | 1.61 | 1.98 | N/A | 0.98 | 78.3 |
- **Historical Move v Implied Move:** We determine the historical volatility (standard deviation of daily log returns) of the underlying asset and compare that to the current implied volatility (IV) of the option price. We use the same DTE as a look back period. This is used to determine the Call or Put Premium associated with the pricing of options (implied volatility).

- **Directional Bias:** Ranges from negative (bearish) to positive (bullish) and accounts for RSI, price trend, moving averages, and put/call skew over the past 6 weeks.
- **Priced Move:** given the current option prices, how much in dollar amounts will the underlying have to move to make the call/put break even. This is how much vol the option is pricing in. The expected move.
- **Expiration:** 2026-04-17.
- **Call/Put Premium:** How much extra you are paying for the implied move relative to the historic move. Low numbers mean options are "cheaper." High numbers mean options are "expensive."
- **Efficiency:** This factor represents the bid/ask spreads and the depth of the order book relative to the price of the option. It represents how much traders will pay in slippage with a round trip trade. Lower numbers are less efficient than higher numbers.
- **E.R.:** Days unitl the next Earnings Release. This feature is still in beta as we work on a more complete list of earnings dates.
- **Why isn't my stock on this list?** It doesn't have "weeklies", the underlying is "too cheap", or the options markets are too illiquid (open interest) to qualify for this strategy. 480 underlyings are used in this report and only the top results end up passing the criteria for each filter.

CRM is getting way too tempting

ADBE, MSFT, CRM, TEAM, HUBS on fire sale

CRM: cut the losses now and move on or wait until ers this Wednesday?

CRM competing in the DOW Olympics to see who can rack up the most last place finishes in 2026