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Whales with a lot of money to spend have taken a noticeably bullish stance on Arista Networks.
Looking at options history for Arista Networks (NYSE:ANET) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 29% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $80,900 and 15, calls, for a total amount of $1,117,848.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $410.0 for Arista Networks over the recent three months.
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Arista Networks's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Arista Networks's whale activity within a strike price range from $250.0 to $410.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
ANET | CALL | TRADE | BEARISH | 08/16/24 | $42.2 | $38.9 | $40.0 | $320.00 | $224.0K | 583 | 58 |
ANET | CALL | SWEEP | NEUTRAL | 08/02/24 | $3.6 | $3.1 | $3.2 | $365.00 | $139.5K | 1.3K | 1.0K |
ANET | CALL | SWEEP | NEUTRAL | 01/17/25 | $49.6 | $48.4 | $48.9 | $350.00 | $122.4K | 206 | 36 |
ANET | CALL | TRADE | BULLISH | 01/17/25 | $24.9 | $24.2 | $24.7 | $410.00 | $121.0K | 453 | 17 |
ANET | CALL | TRADE | BULLISH | 08/23/24 | $28.0 | $27.1 | $28.0 | $335.00 | $112.0K | 65 | 0 |
Arista Networks 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.
After a thorough review of the options trading surrounding Arista Networks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
5 market experts have recently issued ratings for this stock, with a consensus target price of $377.2.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Arista Networks options trades with real-time alerts from Benzinga Pro.
Posted In: ANET