Samsara Unusual Options Activity For December 04 – Samsara (NYSE:IOT) – Benzinga

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High-rolling investors have positioned themselves bearish on Samsara IOT, and it’s important for retail traders to take note.
This activity came to our attention today through Benzinga’s tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in IOT often signals that someone has privileged information.

Today, Benzinga’s options scanner spotted 11 options trades for Samsara. This is not a typical pattern.

The sentiment among these major traders is split, with 27% bullish and 72% bearish. Among all the options we identified, there was one put, amounting to $84,000, and 10 calls, totaling $433,814.

What’s The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $22.5 to $35.0 for Samsara during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Samsara options trades today is 3908.75 with a total volume of 25,119.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Samsara’s big money trades within a strike price range of $22.5 to $35.0 over the last 30 days.

Samsara 30-Day Option Volume & Interest Snapshot


Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IOT PUT TRADE NEUTRAL 04/19/24 $35.00 $84.0K 270 13
IOT CALL TRADE NEUTRAL 12/15/23 $22.50 $56.4K 370 52
IOT CALL SWEEP BEARISH 12/15/23 $35.00 $53.5K 12.8K 5.8K
IOT CALL SWEEP BULLISH 03/15/24 $35.00 $51.7K 1.9K 148
IOT CALL SWEEP BEARISH 12/15/23 $35.00 $51.4K 12.8K 7.1K

About Samsara

Samsara Inc provides an end-to-end solution for operations: The solution connects physical operations data to the Connected Operations Cloud, which consists of the Data Platform and Application. Geographically, it derives a majority of its revenue from the United States.

After a thorough review of the options trading surrounding Samsara, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Samsara’s Current Market Status

  • Currently trading with a volume of 6,286,114, the IOT’s price is down by -0.75%, now at $34.33.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 87 days.

What Analysts Are Saying About Samsara

5 market experts have recently issued ratings for this stock, with a consensus target price of $31.6.

  • Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Samsara with a target price of $30.
  • An analyst from JP Morgan persists with their Neutral rating on Samsara, maintaining a target price of $30.
  • Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Samsara with a target price of $32.
  • Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Samsara with a target price of $31.
  • Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Samsara, targeting a price of $35.

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. Keep up with the latest options trades for Samsara with Benzinga Pro for real-time alerts.


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