Cash-Secured Put Entries on Mega Caps
Cash-Secured Put21 trades pass on CRM
- Annualized return
- 6.3% to 37.9%
- Probability of profit
- 70.5% to 94.7%
Salesforce, Inc. · Technology
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CRM last closed at $217.84 with 30-day implied volatility of 54.9%. That is near the top of its one-year range (IV rank 86), so option premiums on CRM are expensive compared with its own recent history. Measured by IV percentile, IV is higher than 90% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $33.58, or 15.4%.
The price is above its 200-day moving average (+10.0%) but below its 50-day (-7.6%), a pullback inside a longer uptrend. It is 18.2% below its 52-week high and 45.1% above its 52-week low. The 14-day RSI of 39.6 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $8.07, about 3.7% of the price, a measure of a typical day's range.
Option volume at the close (20.8K contracts) was 0.8x its average, close to normal. A beta of 0.39 means CRM has tended to move about 0.4 times as much as the broad market. 2 of our preset screens found trades on CRM at the close, led by Cash-Secured Put Entries on Mega Caps with 21 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 20, 20267 days | 40.6% | ±$12.26 (5.6%) | $205.58 to $230.10 | $9.77 |
| Dec 11, 202628 days | 55.7% | ±$33.58 (15.4%) | $184.26 to $251.42 | $26.88 |
| Jan 15, 202763 days | 48.0% | ±$43.42 (19.9%) | $174.42 to $261.26 | $34.63 |
| Feb 19, 202798 days | 45.6% | ±$51.47 (23.6%) | $166.37 to $269.31 | $40.92 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for CRM from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
21 trades pass on CRM
2 trades pass on CRM
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.