Learn the trade here. Make it on tradeMONSTER

Options Trading News

June 4, 2013  Tue 9:48 AM CT

CRM: SEE CHART GET CHAIN FIND STRATEGIES
A large trade is looking for Salesforce.com to get more volatile.

optionMONSTER systems show that the trade involved a single print of 7,000 July 42 calls that went for $1. This is clearly a new position, as open interest in the strike was 1,023 contracts before the trade appeared.

Less than two minutes later, the biggest block of CRM stock traded as 220,000 shares changed hands for $39.4727. The combination of stock and calls creates a delta-neutral play that is looking for big swings in the share price but not a particular direction. (See our Education section)

CRM is down 2.9 percent this morning to $39.85. Although the stock is off its worst session price of $38.52, this is still its lowest level since early December. Shares of the cloud-computing company were at a high above $47 less than three weeks ago. 
Share this article with your friends


Related Stories

CRM

Protective move in Salesforce.com

September 16, 2014

The cloud-software stock fell with other tech names yesterday but is still up more than more than 7 percent in the last month following a better-than-expected earnings report on Aug. 21.

CRM

Cramer: Traders head for clouds

August 25, 2014

There are certain algorithms that kick in when one of these stocks goes up, and Salesforce.com is the leader of the pack on a market-cap basis.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER