Blockbuster investors have adopted a somewhat bearish stance toward Akamai Techs AKAM, and it’s a development not to be taken lightly. Our perusal of public options records at Benzinga brought to light this momentous move today. The identities of these investors remain shrouded in mystery, but such a substantial play in AKAM typically foreshadows significant market activity ahead.
Our scrutiny revealed a noteworthy surge of 12 options activities for Akamai Techs on Benzinga’s options scanner. This level of activity is anything but run-of-the-mill.
The sentiment among these heavyweight investors is split, with 16% leaning toward bullish and a resounding 83% showing a bearish tilt. Amidst these standout options, 5 are puts, totaling $241,513, and 7 are calls, amounting to $1,615,486.
Projections for Price Targets
Based on the trading activity, it appears that significant investors are eyeing a price range spanning from $92.5 to $150.0 for Akamai Techs over the past three months.
Trends in Volume & Open Interest
Assessing the volume and open interest serves as a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Akamai Techs’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Akamai Techs’s substantial trades, within a strike price spectrum from $92.5 to $150.0 over the preceding 30 days.
Analysis of Akamai Techs’s Options Activity in the Last 30 Days
Standout Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AKAM | CALL | SWEEP | BULLISH | 01/17/25 | $95.00 | $493.2K | 888 | 149 |
| AKAM | CALL | SWEEP | BEARISH | 01/17/25 | $95.00 | $482.7K | 888 | 298 |
| AKAM | CALL | SWEEP | BEARISH | 01/16/26 | $145.00 | $175.7K | 0 | 174 |
| AKAM | CALL | SWEEP | BEARISH | 01/16/26 | $140.00 | $171.6K | 7 | 143 |
| AKAM | CALL | SWEEP | BEARISH | 01/16/26 | $150.00 | $164.2K | 3 | 686 |
About Akamai Techs
Akamai operates a content delivery network, or CDN, which involves siting servers at the edges of networks so its customers, who store content on Akamai servers, can reach their own customers more rapidly, securely, and with enhanced quality. Akamai boasts over 325,000 servers sprawled across 4,100 points of presence in over 1,000 cities worldwide. Its clientele mainly comprises media companies, which stream video content or offer video games for download, and other businesses hosting interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also harbors a substantial security segment, seamlessly integrated with its core delivery and computing operations to safeguard customers from cyber threats.
Following a thorough perusal of the options trading encircling Akamai Techs, we segue into a more intricate examination of the company encompassing its current market standing and performance.
Akamai Techs’s Current Market Standing
- Currently trading with a volume of 951,334, the price of AKAM has ascended by 0.18%, resting at $119.55.
- RSI readings hint that the stock may be venturing into overbought territory.
- An anticipated earnings release looms 25 days ahead.
Expert Opinions on Akamai Techs
1 market experts have recently furnished evaluations for this stock, projecting a consensus target price of $138.0.
- Remaining steadfast in their assessment, an analyst from Keybanc maintains an Overweight rating on Akamai Techs with a target price of $138.
Options trading presents heightened risks and prospective rewards. Seasoned traders mitigate these risks by continuously honing their skills, adjusting their strategies, monitoring multiple indicators, and keeping a keen eye on market movements. Stay abreast of the latest Akamai Techs options trades with real-time alerts from Benzinga Pro.
