Salesforce (CRM) Options Signal Aggressive Bullish Bias: Target $300+ with Strategic Call Plays This Friday

• Current Price Action: CRM trades at $257.16, down 0.22% from its 258.42 open, with intraday support at $256.16 and resistance near $260.07.
• Options Imbalance: Call open interest dominates (416,231 vs. 273,132 puts), with heavy concentration at $290 and $300 strikes expiring Friday.
• Bullish Catalysts: AI integration with ChatGPT, a 27.86% analyst price target ($330), and a 30D RSI of 79.22 hinting at overbought momentum.

Here’s the takeaway: The options market is pricing in a sharp upside breakout, but technicals warn of short-term overbought conditions. Let’s break down why this setup matters—and how to play it.Bullish Sentiment Locked in OTM Calls, but Puts Signal Caution

CRM’s options chain tells a clear story: traders are betting big on a rally. The CRM20251219C290 and CRM20251219C300 calls (expiring Friday) lead with 18,349 and 12,363 open interest, respectively. These strikes are 13–17% above the current price, suggesting expectations of a material move. Yet the put/call ratio of 0.656 (call-heavy) isn’t the whole picture. Deep puts like CRM20251219P220 (6,209 OI) hint some investors are hedging against a drop below $250. The lack of block trades means no major institutional bets are skewing the data—but that $290 call pile-up? That’s a whale signal.

AI News Fuels Optimism, but Technicals Demand Discipline

Salesforce’s Agentforce AI rollout and Qualified acquisition are no small feats. Integrating ChatGPT into sales workflows and automating lead gen is exactly the kind of innovation Wall Street eats up. Analysts aren’t just hopeful—they’re projecting a $330 price tag. But here’s the catch: that 79.22 RSI reading is in overbought territory. If the stock can’t clear its 30D support/resistance range ($260.31–$261.09), a pullback to the 200D MA ($242.69) becomes a real risk. The key is balancing the bullish news with tight risk management.

Trade Ideas: Calls for Aggressive Plays, Stock for Precision Entries

For options traders, the CRM20251219C290 call is the most compelling. At 18,349 OI, it’s the liquidity leader. If CRM cracks $260 today, this strike could see explosive gamma. For a slightly safer bet, the CRM20251226C260 (next Friday’s expiry) offers a 5.5% buffer above today’s price. Stock buyers should target an entry near $256.16 (intraday low) with a stop below $250. A breakout above $260.31 (30D resistance) would validate the bullish case, with a first target at $265 and a stretch goal at $280.

Volatility on the Horizon: Ride the AI Wave, But Stay Nimble

CRM’s story is about AI-driven growth, but markets don’t always reward innovation linearly. The next 72 hours will test whether the $260.31 resistance holds—or if the RSI divergence triggers a correction. If the stock gaps higher Friday, those $290 calls could become tomorrow’s headlines. But if it stumbles, the $250 put open interest might get a workout. Either way, this is a stock where momentum traders and AI believers need to act fast. The question isn’t if CRM will move—it’s when and how you’ll position for it.