Arista Networks's Options: A Look at What the Big Money is Thinking - Arista Networks (NYSE:ANET)

Core Insights - Investors are showing a bullish sentiment towards Arista Networks (NYSE:ANET), with significant options trading activity indicating potential upcoming movements in the stock [1][2]. Options Trading Activity - Benzinga's options scanner identified 12 uncommon options trades for Arista Networks, with a notable split in sentiment: 50% bullish and 8% bearish. The total amount for puts is $254,972, while calls amount to $429,422 [2][3]. - The major market movers are focusing on a price range between $75.0 and $150.0 for Arista Networks over the past three months, indicating a concentrated interest in this price band [4]. Volume and Open Interest Analysis - An analysis of volume and open interest reveals crucial insights into liquidity and interest levels for Arista Networks' options, particularly within the strike price range of $75.0 to $150.0 over the past month [5][6]. Noteworthy Options Activity - A snapshot of recent options activity shows various trades, including: - A call option with a strike price of $142.00, total trade price of $155.1K, and an open interest of 10 [9]. - A put option with a strike price of $115.00, total trade price of $81.0K, and an open interest of 601 [9]. - Another put option with a strike price of $100.00, total trade price of $66.6K, and an open interest of 593 [9]. Company Overview - Arista Networks is a networking equipment provider specializing in Ethernet switches and software for data centers, with a significant focus on high-speed applications. The company has been gaining market share since its founding in 2004 and derives approximately 75% of its sales from North America, with major clients including Microsoft and Meta Platforms [10]. Analyst Ratings - Recent analyst ratings indicate an average target price of $159.0 for Arista Networks, with a maintained Overweight rating from Morgan Stanley [12][13]. Current Stock Performance - As of the latest data, Arista Networks' stock price is $131.36, reflecting a 0.45% increase with a trading volume of 1,231,337. Current RSI values suggest the stock may be approaching overbought conditions [15].