$CRM Bullish Channel - Unusual Options Activity

27 dic 2018

CRM Salesforce.com holding within what looks like a bullish channel for the last few months.
- Bullish options activity today with 15k $155.00 strike (OTM lottos trading for under $1.00 - Delta 0.11) Jan 18th 2019 call options traded for 1M in premium against OI under 5k. As well as 3.8k $135.00 strike (ATM - Delta 0.54) Feb 2019 call options traded for 3.3M in premium against OI just over 1k.

Price target based on channel trend lines = $153 by mid-January (which would mean I'm forecasting the $155 lottos will expire worthless)


Note: Informational analysis, not investment advice.