Traders position for volatility as Salesforce shares hover near $209.06 before Wednesday’s quarterly report.
Salesforce (CRM) options traders are targeting a $190-$220 price range as the company prepares to release quarterly earnings after Wednesday’s market close. The stock closed Monday at $209.06 and drifted 2% lower in Tuesday trading, signaling anticipation of a potential swing.
Prior sessions saw subdued activity, with shares stabilizing near current levels. Analysts expect earnings to reflect ongoing demand for cloud services amid macroeconomic uncertainty. Comparable periods showed similar pre-earnings volatility, though recent trends suggest cautious positioning.
No immediate market reaction was reported, but options activity indicates traders are hedging for both upside and downside scenarios.