of Salesforce.com, inc. (NYSE:CRM), rose by as much as 4.7%, hitting $238.22, on Wednesday before settling
back on Friday to close at $228.06.
This now leaves another opportunity for another options trade if the
stock market moves back upwards this week.
Salesforce had already enjoyed a nice recovery in 2023, and the stock is
now up more than 76% on the year. The leading customer relationship management
(CRM) software-as-a-service player continued to add to its rally after
unveiling pricing for its new generative AI tools.
Salesforce rose one day after Microsoft announced it would be making its
AI CoPilot feature available within its Office software suite for an extra $30
per user per month.
is the largest CRM company in the world, it possesses a treasure trove of
proprietary data that it can bring to bear to help its clients more efficiently
reach and interact with their customers, while efficiently cataloging,
tracking, and making sense of their interactions.
Read “Salesforce (CRM) Is Going Strong!” for
Why the CRM Weekly
Options Trade was Originally Executed?…..
of Salesforce.com, inc. (NYSE:CRM), the cloud software giant, were
moving higher today after the company announced a price increase across its
announcement Tuesday morning, Salesforce said it would be increasing the list
price by an average of 9% across key product lines like its sales cloud,
service cloud, marketing cloud, and Tableau.
explained the move by saying it was its first list-price increase in seven
years and that it had delivered 22 new releases since then, representing more
than $20 billion in research and development. It also touted its new artificial
intelligence (AI) products, including AI Cloud, Einstein GPT, and others.
sells software under a subscription model. Its software helps businesses
organize and handle sales operations and customer relationships. Also, the
company has expanded into marketing, e-commerce and data analytics.
worth noting the changes represent Salesforce's first list price increases in
seven years, in which time the company has delivered 22 product releases and
thousands of new features and enhancements, including generative AI-related developments,"
Truist analyst Terry Tillman said in a note to clients.
Salesforce stock climbed 3.9% to close at 221.17 on the stock market
yesterday. With the gain, CRM stock has jumped 66% in 2023. Also, Salesforce
holds an entry point of 225.10.
The CRM Weekly
Options Trade Explained.....
** OPTION TRADE: Buy CRM JUL 28 2023 225.000 CALLS - price at last close was $3.75 - adjust accordingly.
Obviously the results will vary from trader to trader
depending on entry cost and exit price that was undertaken.
Entered the CRM Weekly Options (CALL) Trade on Wednesday, July 12,
2023 for $4.06.
Sold half the CRM Weekly Options contracts on Thursday, July 13, 2023, for $8.67; a
potential profit of 114%.
Now, sold the other half of the CRM Weekly Options
contracts on Wednesday, July 12, 2023, for $14.18;
a potential profit of 249%.
Don’t miss out on further trades – become a
The biggest beneficiaries of AI will be companies that have the largest
amounts of proprietary data. With the leading CRM market share and its massive
$32 billion in revenue, that would put Salesforce in a good position.
In its next earnings release Salesforce.com
is expected to report EPS of $1.90, up 59.66% from the prior-year quarter.
Meanwhile, the latest consensus estimate is calling for revenue of $8.52
billion, up 10.41% from the prior-year quarter.
For the full year, the Consensus Estimates
are projecting earnings of $7.44 per share and revenue of $34.63 billion, which
would represent changes of +41.98% and +10.46%, respectively, from the prior