salesforce.com, inc. Stock Price Could Go Up After Today’s Bullish Options Activity

In today’s session salesforce.com, inc. (CRM) registered an unusually high (731) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious CRM increase. With 731 contracts traded and 3894 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: CRM170317C00070000 closed last at: $5.25 or 0.9% down. About 1.72M shares traded hands. salesforce.com, inc. (NYSE:CRM) has declined 4.55% since May 4, 2016 and is downtrending. It has underperformed by 12.41% the S&P500.