Deep-pocketed investors have taken a bearish stance on Confluent (CFLT), and this is a move that should not be overlooked by market players. Benzinga’s tracking of public options records has revealed this significant activity, signaling that something big may be on the horizon.
Benzinga’s options scanner has identified 12 extraordinary options activities for Confluent, which is a level of activity that is out of the ordinary. While the identity of these investors remains unknown, their actions suggest a divided sentiment, with 41% leaning bullish and 58% leaning bearish. Out of the notable options, 7 are puts totaling $316,757, and 5 are calls amounting to $374,273.
Based on the trading activity, it seems that these significant investors are aiming for a price range of $22.0 to $28.0 for Confluent over the recent three months. This suggests that they expect some significant movement in the stock during this time period.
Analyzing the volume and open interest can provide valuable insights into the liquidity and interest for Confluent’s options at different strike prices. In the last 30 days, there has been notable activity within the strike price range of $22.0 to $28.0 for both calls and puts.
Here are some noteworthy options activities for Confluent:
– Symbol: CFLT
– Put/Call: CALL
– Trade Type: SWEEP
– Sentiment: BEARISH
– Expiration Date: 04/19/24
– Strike Price: $28.00
– Total Trade Price: $142.3K
– Open Interest: 2.2K
– Volume: 865
– Symbol: CFLT
– Put/Call: CALL
– Trade Type: SWEEP
– Sentiment: BULLISH
– Expiration Date: 02/16/24
– Strike Price: $26.00
– Total Trade Price: $97.4K
– Open Interest: 778
– Volume: 680
– Symbol: CFLT
– Put/Call: PUT
– Trade Type: SWEEP
– Sentiment: NEUTRAL
– Expiration Date: 03/15/24
– Strike Price: $22.00
– Total Trade Price: $95.0K
– Open Interest: 54
– Volume: 609
– Symbol: CFLT
– Put/Call: CALL
– Trade Type: SWEEP
– Sentiment: BEARISH
– Expiration Date: 03/15/24
– Strike Price: $25.00
– Total Trade Price: $62.4K
– Open Interest: 134
– Volume: 295
– Symbol: CFLT
– Put/Call: PUT
– Trade Type: SWEEP
– Sentiment: BEARISH
– Expiration Date: 03/15/24
– Strike Price: $24.00
– Total Trade Price: $45.9K
– Open Interest: 65
– Volume: 170
Confluent Inc is a company that provides a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform, Connectors, and ksqlDB, among others. The company generates revenue from the sale of subscriptions and services, with a significant portion coming from the United States. It serves various sectors such as Financial Services, Insurance, Retail and eCommerce, Automotive, Government, and others.
At present, Confluent has a trading volume of 6,537,894, and the stock price is up by 0.21%, reaching $23.53. Current RSI values indicate that the stock may be approaching overbought territory. The next earnings report is scheduled for 0 days from now.
According to analysts, the consensus target price for Confluent is $26.333333333333332. Three market experts have recently issued ratings for the stock. UBS has maintained a Neutral rating with a price target of $26. Loop Capital has lowered its rating to Hold with a new price target of $23, reflecting concerns. Needham has revised its rating downward to Buy, with a price target of $30.
Trading options involves higher risks but also offers the potential for higher profits. Traders with a keen eye on market dynamics and ongoing education can mitigate these risks and take advantage of opportunities. Stay updated with the latest options trades for Confluent using Benzinga Pro for real-time alerts.
