Arista Networks's Options Frenzy: What You Need to Know - Arista Networks (NYSE:ANET)

Core Insights - Investors are showing a bullish stance on Arista Networks (NYSE:ANET), with significant options activity indicating potential upcoming movements in the stock [1][2]. Options Activity - Benzinga's options scanner identified 14 uncommon options trades for Arista Networks, with a split sentiment among big-money traders: 35% bullish and 35% bearish [2][3]. - The total amount for put options was $372,139, while call options totaled $513,775, indicating a stronger interest in calls [3]. Price Targets - Whales have targeted a price range for Arista Networks between $75.0 and $143.0 over the last three months, based on volume and open interest analysis [4]. Volume and Open Interest Analysis - Insights into volume and open interest are crucial for understanding liquidity and interest levels in Arista Networks' options, particularly within the strike price range of $75.0 to $143.0 over the past month [5]. Company Overview - Arista Networks is a networking equipment provider specializing in Ethernet switches and software for data centers, with a significant portion of its sales derived from North America [11]. - The company has been gaining market share since its founding in 2004, focusing on high-speed applications and counting major clients like Microsoft and Meta Platforms [11]. Current Market Status - An industry analyst has proposed an average target price of $140.0 for Arista Networks, maintaining a Neutral rating [13][14]. - The current trading volume for ANET is 3,923,507, with the stock price at $126.04, reflecting a slight increase of 0.12% [16].