Decoding Arista Networks's Options Activity: What's the Big Picture?

Arista Networks, Inc. +1.70%

Arista Networks, Inc.




Financial giants have made a conspicuous bearish move on Arista Networks. Our analysis of options history for Arista Networks (NYSE:ANET) revealed 10 unusual trades.

Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $381,000, and 7 were calls, valued at $383,616.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $300.0 for Arista Networks over the recent three months.

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 Arista Networks'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 Arista Networks's whale activity within a strike price range from $200.0 to $300.0 in the last 30 days.

Arista Networks 30-Day Option Volume & Interest Snapshot

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ANET CALL SWEEP BEARISH 01/16/26 $300.00 $150.2K 1.0K 28
ANET PUT SWEEP BULLISH 02/16/24 $290.00 $127.5K 24 200
ANET PUT SWEEP NEUTRAL 02/16/24 $290.00 $127.5K 24 150
ANET PUT SWEEP NEUTRAL 02/16/24 $290.00 $126.0K 24 0
ANET CALL SWEEP BEARISH 02/02/24 $260.00 $50.0K 282 0

About Arista Networks

Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system, or EOS, that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three quarters of its sales from North America.

Following our analysis of the options activities associated with Arista Networks, we pivot to a closer look at the company's own performance.

Present Market Standing of Arista Networks

  • With a volume of 97,171, the price of ANET is up 0.68% at $271.4.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 13 days.

What The Experts Say On Arista Networks

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $291.25.

  • Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Arista Networks, targeting a price of $287.
  • Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Arista Networks, targeting a price of $306.
  • An analyst from Morgan Stanley has decided to maintain their Overweight rating on Arista Networks, which currently sits at a price target of $272.
  • In a positive move, an analyst from Melius Research has upgraded their rating to Buy and adjusted the price target to $300.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Arista Networks options trades with real-time alerts from Benzinga Pro.

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