Salesforce (CRM) Options Signal Bullish Momentum: Key Strikes and Trade Setups for Dec 5, 2025

• CRM surges 5.2% to $260.37, breaking above its 200D MA of $259.75
• Call open interest dominates at $270 and $300 strikes, while puts cluster at $225
• Q3 earnings beat, AI expansion, and $10B buyback fuel near-term optimism

Here’s the takeaway: Options data and technicals align on a bullish bias, but risks linger below $242 support. Let’s break it down.Bullish Sentiment in Options: Calls at $270, Puts at $225

CRM’s options chain tells a clear story. This Friday’s call open interest peaks at $270 (OI: 4,057) and $300 (OI: 3,630), while puts cluster at $225 (OI: 6,502). The put/call ratio of 0.669 (favoring calls) suggests investors are pricing in a rally. But here’s the catch: the $270 strike is just 3.7% above current price. If CRM holds above $254 support (30D level), those calls could ignite. Conversely, the heavy put OI at $225 hints at a psychological floor—break below $242, and panic might follow.

News Flow: AI Wins Outweigh Short-Term Risks

Salesforce’s Q3 beat, $1.2B AI acquisition, and $10B buyback are tailwinds. The Einstein CRM Suite launch and $500M retail contract validate its AI pivot. But don’t ignore the FTC inquiry—it’s a headwind, though unlikely to derail momentum. The CFO exit is a leadership reshuffle, not a red flag. For now, the news reinforces the options narrative: investors bet on AI-driven growth, even if regulatory noise lingers.

Trade Ideas: Calls at $270, Stock Entry Near $254

For options: Buy CRM20251212C270 (next Friday’s $270 call). With 791 OI and a 3.7% buffer from current price, this strike balances risk and reward. If CRM hits $270 by expiration, the call could multiply your bet. For stock: Consider entry near $254 (30D support) if the 200D MA ($259.75) holds. Target $270–$280 as resistance levels. A stop below $242 would signal a breakdown—exit longs there.

Volatility on the Horizon: Preparing for CRM’s Next Move

The coming weeks will test CRM’s resolve. A close above $265 (next Friday’s top call strike) could trigger a parabolic move, while a pullback to $242 would invite short-term bears. The key is staying nimble: use the $270 call as a leveraged play, or scale into the stock if the 200D MA holds. Either way, the data points to a stock in transition—bulls have the edge, but patience is key.

Final Call: CRM’s options and fundamentals are in sync. The $270 call and $254 support level offer clear setups. But keep an eye on that $242 floor—break it, and the bullish case unravels. For now, the AI story is winning, and the charts are cheering it on.