Big-time investors are showing a bullish stance on Akamai Techs AKAM, and the ramifications are profound. One cannot overlook this significant move being unearthed in the options market. While the identities of these investors remain shrouded in mystery, the gravity of their actions in AKAM hints at major developments on the horizon.
The insights obtained from Benzinga’s options scanner today revealed 8 remarkable activities surrounding Akamai Techs. This surge in activity stands out as exceptional amidst the mundane.
The prevailing sentiment among these heavyweights is split, with 62% leaning towards optimism and 25% towards pessimism. Among the noteworthy options, 3 puts amount to $160,115, while 5 calls total $230,160.
Predicted Price Range
Delving into the Volume and Open Interest within these contracts, it appears that the prominent players have fixated on a price bracket of $90.0 to $100.0 for Akamai Techs during the past quarter.
Volume & Open Interest Development
Evaluating the volume and open interest is a vital step in options trading tactics. These metrics shed light on the liquidity and investor fervor surrounding Akamai Techs’s options at specific strike prices. The ensuing data traces the ebb and flow of volume and open interest for both calls and puts linked to substantial trades in Akamai Techs, spanning a strike price range from $90.0 to $100.0 over the last 30 days.
Akamai Techs 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AKAM | CALL | SWEEP | BULLISH | 02/21/25 | $10.2 | $10.1 | $10.2 | $100.00 | $82.6K | 157 | 116 |
| AKAM | PUT | SWEEP | BEARISH | 01/17/25 | $6.4 | $6.3 | $6.3 | $100.00 | $71.1K | 2.0K | 225 |
| AKAM | PUT | TRADE | BULLISH | 01/17/25 | $6.3 | $6.2 | $6.2 | $100.00 | $61.3K | 2.0K | 99 |
| AKAM | CALL | SWEEP | BEARISH | 02/21/25 | $13.4 | $13.1 | $13.2 | $95.00 | $40.9K | 1 | 42 |
| AKAM | CALL | SWEEP | BULLISH | 02/21/25 | $10.3 | $10.0 | $10.2 | $100.00 | $39.7K | 157 | 306 |
About Akamai Techs
Akamai operates a content delivery network, strategically locating servers at the edges of networks for its customers to enhance speed, security, and quality of content delivery. With over 325,000 servers across 4,100 points of presence in more than 1,000 cities globally, Akamai also offers security and cloud computing services that have outgrown its traditional CDN business.
The Current Position of Akamai Techs
- Trading at 503,228 shares, AKAM’s price has dipped by -0.06% to hit $100.8.
- RSI readings hint at a potential overbought status for the stock.
- The next earnings report is slated for 81 days from now.
Expert Opinion on Akamai Techs
Over the recent month, 5 industry analysts have weighed in on this stock, projecting an average target price of $116.6.
- Guggenheim made a favorable move by upgrading the rating to Buy and setting a new price target of $128.
- RBC Capital, however, expressed reservations by downgrading the rating to Sector Perform with a revised target price of $100.
- Scotiabank and DA Davidson have maintained their positive outlook with Sector Outperform and Buy ratings, alongside target prices of $115 each.
- Craig-Hallum showed optimism with an upgraded Buy rating and a target price adjustment to $125.
Options trading entails higher risks but also greater potential rewards. Savvy traders navigate these perils by staying informed, adapting strategies, monitoring various indicators, and closely following market trends. Keep abreast of the latest Akamai Techs options activities with real-time alerts from Benzinga Pro.