CRM Options for August 2026 Now Available for Trading
Put Contract Details: The $240.00 put contract has a bid of $27.45, allowing investors to purchase CRM stock at that price while collecting a premium, effectively lowering the cost basis to $212.55.
Potential Outcomes: There is a 61% chance that the put contract could expire worthless, which would yield an 11.44% return on cash commitment, or 11.34% annualized, referred to as YieldBoost.
Call Contract Overview: The $250.00 call contract has a bid of $31.95; if shares are sold at this strike price, it could result in a total return of 16.36% by August 2026, excluding dividends.
Volatility Insights: Both put and call contracts have an implied volatility of approximately 35%, while the actual trailing twelve-month volatility is calculated at 32%.
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Salesforce 2025 Stock Review and AI Strategy
- Annual Stock Performance: Salesforce's stock declined nearly 21% in 2025, although a late-year rally driven by aggressive AI initiatives provided some recovery, highlighting market biases against traditional software companies.
- Revenue Growth Volatility: Throughout 2025, Salesforce's year-over-year revenue growth remained in single digits, with GAAP net income fluctuating, showing a 51% improvement at times but overall failing to significantly exceed analyst expectations, which affected investor confidence.
- Pricing Strategy Adjustment: The company implemented a 6% price increase for enterprise clients in August, demonstrating management's proactive approach to enhancing profitability and margins, gradually improving market sentiment and reflecting confidence in future growth.
- AI Platform Launch: At the Dreamforce event, Salesforce unveiled Agentforce 360, focusing on agentic AI that actively performs tasks, setting a new annual revenue target of $60 billion by fiscal 2030, marking a strategic shift in the company's AI direction.

Software Stocks Plunge, Microsoft Faces Challenges
- Microsoft Cloud Revenue Potential: During the earnings call, Microsoft indicated that if all newly available GPU resources were allocated to Azure, year-over-year cloud revenue growth could reach 40% instead of the current 38%, highlighting the need for better resource allocation to enhance revenue growth.
- Overall Software Sector Decline: Despite ServiceNow's better-than-expected results, its stock fell 12%, while Salesforce dropped approximately 7% due to market reactions, indicating a reevaluation of enterprise software services and compressing price-to-earnings ratios.
- Cybersecurity Companies Affected: Although CrowdStrike and Palo Alto Networks' business models remain unaffected by AI advancements, their stocks saw significant declines, with CrowdStrike down over 6%, reflecting market concerns over high price-to-earnings multiples.
- Upcoming Earnings Reports in Focus: Apple is set to release its earnings after the bell, with market attention on iPhone demand and management's insights on rising memory costs, alongside other companies reporting, creating a tense market atmosphere.









