Salesforce Inc (NYSE:CRM) shares are up 7.2% to trade at $253.45 at last glance, after the cloud giant forecast revenue of over $60 billion in 2030 as the company introduces AI features.
CRM is on track for its best single-day percentage gain since April 4, and earlier hit its highest level since September. The stock is still struggling with overhead pressure at the $260 level and carries a 23.8% year-to-date deficit, but a floor at $230 has been holding steady since mid-August.
At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 50-day call/put volume ratio of 2.69 ranks higher than 98% of annual readings. This means calls have been getting picked up at a much quicker-than-usual pace.
Echoing this, Salesforce stock's Schaeffer's put/call open interest ratio (SOIR) of 0.34 stands higher than just 1% of readings from the past 12 months, indicating short-term options traders also favor calls.
Drilling down to today's options activity, 147,000 calls and 30,000 puts have crossed the tape so far today, which is 7 times the volume typically seen at this point. The most popular contract is the December 300 call, but new positions are opening at the October 255 call.
