Akamai Techs (NASDAQ: AKAM) has witnessed a rush of options activity that’s raised eyebrows among investors. Burgeoning with significance, this surge indicates a major move in the offing, observed through Benzinga’s public options records. As heavyweight investors position themselves, the mood is palpably divided, steeped in considerable bearish sentiment and a smattering of bullish posturing.
Today, Benzinga’s options scanner caught sight of 12 exceptional options activities involving Akamai Techs. The activity level is atypical, suggesting that something substantial may be afoot.
Among the noteworthy options, 5 puts amounted to $241,513, while 7 calls totaled $1,615,486, underlining the formidable stakes at play.
Envisioned Price Targets
The trading activitiy seems to reflect a concerted push towards the $92.5 to $150.0 price range for Akamai Techs over the past three months.
Volume & Open Interest Trends
Scrutinizing the volume and open interest unveils key insights into the liquidity and investor inclination towards Akamai Techs’s options at specific strike prices. In the preceding 30 days, the data delineates fluctuations in volume and open interest for both calls and puts within a strike price spectrum of $92.5 to $150.0.
Analyzing Akamai Techs’s Options Activity Over 30 Days
Standout Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|
Insights into Akamai Techs
Akamai operates a content delivery network, with a global web of over 325,000 servers dispersed across 4,100 points of presence in more than 1,000 cities. It caters primarily to media companies, e-commerce firms, and financial institutions, enhancing their content delivery and bolstering cybersecurity.
Following a comprehensive review of the options market surrounding Akamai Techs, attention turns to a deeper examination of the company’s current market status and performance.
Status in the Market
- Boasting a trading volume of 951,334, AKAM’s price has ascended by 0.18%, now resting at $119.55.
- RSI readings hint at the stock possibly edging towards an overbought status.
- An upcoming earnings release is slated in 25 days.
Expert Opinion on Akamai Techs
Market experts have issued ratings for this stock, with a consensus target price of $138.0. An analyst from Keybanc maintains an Overweight rating on Akamai Techs, setting a target price at $138, lending a sense of consistency to the evaluations.
Options trading entails heightened risks and accompanying potential rewards. Seasoned traders navigate these perils by continuously educating themselves, adapting strategies, monitoring multiple indicators, and closely tracking market movements. Stay informed about the latest Akamai Techs options trades with real-time alerts from Benzinga Pro.
