Behind the Scenes of Confluent's Latest Options Trends

Financial giants have made a conspicuous bullish move on Confluent. Our analysis of options history for Confluent CFLT revealed 11 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $415,962, and 8 were calls, valued at $554,231.

What’s The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $55.0 for Confluent during the past quarter.

Volume & Open Interest Development

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 Confluent’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 Confluent’s whale activity within a strike price range from $20.0 to $55.0 in the last 30 days.

Confluent Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Confluent

Confluent Inc provides a data streaming platform that enables customers to connect their applications, systems, and data layers and can be deployed as a fully managed cloud-native software-as-a-service (SaaS) offering. Its products include Confluent Cloud, a self-managed software offering, Confluent Platform, a managed service offering where the raw data resides inside a customer’s cloud environment, and WarpStream, among others. Confluent also offers professional services and education services. The company generates revenue from the sale of subscriptions and services. Geographically, it generates a majority of its revenue from its business in the United States and the rest from International markets.

Having examined the options trading patterns of Confluent, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Confluent

• Currently trading with a volume of 4,728,696, the CFLT’s price is down by -9.68%, now at $24.04.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 57 days.

What Analysts Are Saying About Confluent

In the last month, 5 experts released ratings on this stock with an average target price of $38.6.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from Truist Securities has decided to maintain their Buy rating on Confluent, which currently sits at a price target of $40.
* An analyst from Needham has decided to maintain their Buy rating on Confluent, which currently sits at a price target of $40.
* In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $40.
* Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for Confluent, targeting a price of $35.
* An analyst from Canaccord Genuity persists with their Buy rating on Confluent, maintaining a target price of $38.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Confluent, Benzinga Pro gives you real-time options trades alerts.