Salesforce Options Surge as Software Sector Bulls
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- IGV call volume topped put volume by more than two‑to‑one on Tuesday, while SMH saw put volume five times higher than calls.
- Salesforce options contracts traded on Tuesday exceeded IGV’s total, with 10,600+ calls versus 4,100 + puts and call premium representing 61% of the premium.
- Salesforce implied volatility now reflects a 7.8% price swing, over twice the average movement after its last four earnings reports.
- Salesforce traders placed a $650,000 bet on 2,000 195‑strike calls expiring June 18, targeting an almost exactly 10% move by the weekend.
- IGV sector is up more than 25% since its April low, a technical definition of a new bull market driven by expectations around Salesforce earnings.
Why it matters: Software investors stand to gain from a potential 10% rally in Salesforce, while bearish bets on SMH risk loss; the surge in call buying pushes valuations higher and intensifies earnings‑driven volatility.
Ask SkimNews
