Mixed options sentiment in Salesforce (CRM), with shares down $1.74 near $270.51. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.71. Implied volatility (IV30) dropped 0.16 near 25.01,in the bottom quartile of the past year, suggesting an expected daily move of $4.26. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Erste Group.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce Stockholders Approve Equity Incentive Plan Amendment
- Oppenheimer remains long-term positive on Salesforce after meetings
- IBM Tried to Acquire Informatica before Salesforce (CRM)
- Looking for Exposure to Salesforce Stock (NYSE:CRM)? Try These Two ETFs
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories