Option traders moderately bearish in Salesforce (CRM), with shares down $4.40 near $267.51. Options volume roughly in line with average with 23k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.75. Implied volatility (IV30) is higher by 0.3 points near 27.3,and below the 52wk median, suggesting an expected daily move of $4.60. Put-call skew steepened, indicating increased demand for downside protection.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRM:
- Salesforce (NYSE:CRM) Makes a Big AI Move, But Top Analyst Is Cautious about Lofty Goals
- Mixed options sentiment in Salesforce with shares down 0.16%
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Salesforce (CRM) CEO Says 30%-50% of Internal Tasks Are Being Handled by AI
- Asana (ASAN) Names Dan Rogers Its New CEO