Salesforce (CRM) Options Signal Bullish Bias: Here’s How to Play the $260–$275 Breakout

• Salesforce shares trade near $255.33, up 0.11% on light volume.
• Options data shows heavy call open interest at $260–$275 strikes, with a put/call ratio of 0.606 (calls dominate).
• Recent AI-driven product launches and a $60B 2030 revenue target fuel optimism.

Here’s the deal: Salesforce’s options market is screaming bullish—but not without risks. The stock is perched at a crossroads, caught between short-term momentum and long-term uncertainty. Let’s break down what the data tells us and how to position for the next move.

Bullish Sentiment in the Options Chain: Calls Outpace Puts at Key Strikes

The options market isn’t just a numbers game—it’s a psychological barometer. Right now, calls at $260, $270, and $275 dominate the open interest (OI) for Friday’s expiration, with 2,912, 2,779, and 2,411 contracts outstanding, respectively. That’s a clear signal: traders are betting on a push above $260, with some even eyeing $275 as a potential target.

But here’s the twist: puts at $235 and $240 (2,685 and 1,622 OI) aren’t negligible. They act like a safety net—investors aren’t ignoring the risk of a pullback. The put/call ratio of 0.606 (calls outweigh puts) leans bullish, but it’s not extreme. Think of it as a cautious optimism: “We want the stock to rise, but we’re not ignoring the 200D MA at $272.78.”

No block trades in the data means no whale-sized bets are skewing the market. That’s a good sign—it suggests the current options flow is organic, not manipulated. But don’t get too comfortable: the 200D MA is a heavy resistance zone. If CRM cracks $272.78, the bullish case gets a lot stronger.Company News: AI-Driven Growth or Overhyped Hype?

Salesforce’s recent headlines are all about AI. The Agentforce 360 Platform, Waii acquisition, and $60B 2030 revenue target scream “innovation,” but let’s separate signal from noise. The stock’s 5% post-announcement pop in after-hours trading shows investors are buying the narrative.

But here’s the catch: the stock is still down 29% year-to-date. That’s a lot to overcome. The $8B Informatica acquisition (set to close in 2027) adds long-term value but won’t help the stock in the short term. The key question is whether the market sees these AI bets as a sustainable edge or just another tech fad.

Trading Opportunities: Calls for the Breakout, Puts for the Safety Net

If you’re bullish, calls at $260 (2912 OI) and $270 (2779 OI) for Friday’s expiration are your best bets. These strikes align with the Bollinger Band upper bound ($259.72) and the 30D MA ($244.54). A break above $258.50 (intraday high) could trigger a cascade of long calls, pushing the stock toward $270.

For a longer-term play, calls at $275 (2440 OI) for next Friday’s expiration offer leverage if the AI narrative gains steam. But don’t ignore the puts: $240 (910 OI) for next Friday’s expiration could act as a hedge if the stock stumbles.

Stock traders should consider entry near $254 (intraday low) if support holds. A break above $258.50 targets $260–$270. If the stock dips below $254, the 30D support at $245.67 becomes critical.Volatility on the Horizon: Positioning for CRM’s AI-Driven Ascent

Salesforce is at a pivotal moment. The options market is pricing in a bullish bias, but the stock’s 29% YTD drop means there’s still room for volatility. The key is to balance aggression with caution: use calls to capitalize on the AI hype, but keep a put in your back pocket just in case.

The bottom line? If the AI-driven growth story holds, $260–$275 is the next battleground. But if the market loses faith in the narrative, the 200D MA at $272.78 could become a ceiling. Either way, the options data gives us a roadmap. Now it’s up to the stock to follow it.