Investors with a lot of money to spend have taken a bearish stance on Cloudflare (NYSE:NET).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with NET, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 8 uncommon options trades for Cloudflare.
This isn’t normal.
The overall sentiment of these big-money traders is split between 25% bullish and 37%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $52,245, and 6 are calls, for a total amount of $265,664.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $250.0 for Cloudflare over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Cloudflare’s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cloudflare’s whale activity within a strike price range from $45.0 to $250.0 in the last 30 days.
Cloudflare 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NET | CALL | SWEEP | BEARISH | 02/20/26 | $14.8 | $14.35 | $14.35 | $190.00 | $77.4K | 2.0K | 130 |
| NET | CALL | SWEEP | BULLISH | 06/18/26 | $12.3 | $12.3 | $12.3 | $230.00 | $61.5K | 665 | 50 |
| NET | CALL | TRADE | BEARISH | 01/16/26 | $144.4 | $142.75 | $142.75 | $45.00 | $42.8K | 114 | 3 |
| NET | CALL | SWEEP | NEUTRAL | 02/20/26 | $13.35 | $13.3 | $13.35 | $190.00 | $30.6K | 2.0K | 26 |
| NET | CALL | TRADE | NEUTRAL | 02/20/26 | $11.75 | $11.55 | $11.65 | $195.00 | $26.7K | 196 | 45 |
About Cloudflare
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, leverages this network by providing clients the ability to deploy and execute code without maintaining servers.
In light of the recent options history for Cloudflare, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Cloudflare
- Currently trading with a volume of 1,319,015, the NET’s price is up by 1.12%, now at $188.49.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 23 days.
What The Experts Say On Cloudflare
In the last month, 2 experts released ratings on this stock with an average target price of $215.0.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Cloudflare with a target price of $220.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Cloudflare, targeting a price of $210.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.
