Salesforce (CRM) Options Signal Aggressive Bullish Bets at $250–$300: Here’s How to Position for a Volatile Finish

• CRM’s price action shows a 1.53% intraday gain, trading at $244.11, but technicals hint at a short- and long-term bearish bias.
• Options market frenzy favors calls over puts (put/call OI ratio: 0.61), with heavy open interest at $250, $270, and $300 strikes for next Friday’s expiry.
• Key levels to watch: Bollinger Band support at $236.16 and resistance at $266.42, with 30D support at $240.34–$240.87.

The core insight? The options market is pricing in a high-stakes game of tug-of-war between bulls eyeing a $250+ rebound and bears bracing for a test of $235 support. Here’s how to navigate it.Bullish Bets vs. Bearish Technicals: Decoding the Options Imbalance

Let’s start with the elephant in the room: the options market is aggressively bullish. For next Friday’s expiry, the $250 call (OI: 7,778) and $300 call (OI: 7,352) dominate the landscape. That’s not just noise—it’s a vote of confidence from traders expecting a sharp rebound above the 30D moving average ($248.34). But here’s the catch: technical indicators like MACD (-1.24) and RSI (35.29) scream oversold conditions, yet the broader trend remains bearish.

The puts aren’t ignored, though. The $227.5 strike (OI: 7,290) and $235 strike (OI: 7,290) act as a safety net for those fearing a breakdown below the 200D MA ($266.71). Think of it as a two-sided bet: bulls are buying calls to capitalize on a rebound, while bears are hedging with deep puts just in case the selloff resumes.

No Block Trades, No News: What’s Driving the Action?

There’s no major block trading activity to explain this frenzy, and the news flow is eerily quiet. That means the options market isn’t reacting to earnings, lawsuits, or product launches—it’s purely a technical and sentiment-driven show.

But here’s the twist: silence can be powerful. Without company-specific headlines, traders are projecting broader market sentiment onto CRM. The S&P 500’s recent volatility and AI sector rotation might be spilling over here. Investors are hedging or speculating on a sector-wide bounce, not just Salesforce’s fundamentals.

Actionable Trade Ideas: Calls, Puts, and Precision Entries

Let’s cut to the chase: if you’re bullish, the $250 call (next Friday expiry) is your best bet. Why? The strike has massive open interest and sits just above the 30D MA. A break above $245.16 (today’s high) could trigger a cascade of buying. Target a close above $250 for a potential 10–15% gain in five days.

For the bears, the $235 put (next Friday expiry) offers downside protection. If CRM fails to hold its 30D support ($240.34), a drop below $237.42 (today’s low) could accelerate the slide. The put’s strike price aligns with the lower Bollinger Band ($236.16), making it a logical hedge.

Stock traders, meanwhile, should consider entries near $240.34 if the price holds above today’s low. A rebound here could target $250 first, then test the $266.42 upper band. But if the stock cracks below $238.64 (200D support), tighten your stops—this could be the start of a deeper correction.Volatility on the Horizon: What to Expect in the Next 7 Days

The next week is a pressure test. If CRM can’t close above $250 by Friday, the bullish narrative falters. Conversely, a breakdown below $235 would validate the bearish case. Either way, the options market has already priced in extremes—so the real money will be made (or lost) in execution.

Here’s the bottom line: this isn’t a high-probability trade—it’s a high-reward bet on a volatile finish. If you’re in, size matters. If you’re out, keep a close eye on the $245.16 level. In trading, as in life, sometimes the biggest moves happen when no one’s looking.