---
title: "Trending | CFLT Plummets 32% on Thursday, Some Put options Soar 665%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/251111487.md"
description: "On July 31, Eastern Time, Confluent options saw a total of 91354 contracts traded, with calls accounting for 71% and puts making up 28%."
datetime: "2025-08-01T04:30:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/251111487.md)
  - [en](https://longbridge.com/en/news/251111487.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/251111487.md)
generator: "portal-rs"
---

# Trending | CFLT Plummets 32% on Thursday, Some Put options Soar 665%

On July 31, Eastern Time, Confluent options saw a total of 91354 contracts traded, with calls accounting for 71% and puts making up 28%.

Confluent has 195851 contracts outstanding, with calls accounting for 65% and puts making up 34%.

The top volume gainer was the 20 dollars Call option expiring on August 15, 2025, with 2598 contracts traded.

On the news front, Based on recent key news: 

1\. July 31, Confluent's shares plunged 33% to $17.54 after reporting a loss of 24 cents per share and a major AI customer shifting to self-managed deployment, leading to downgrades by TD Cowen and Stifel. 

2\. July 31, Stifel downgraded Confluent to Hold, citing slowing cloud usage and reduced price target to $21. 

3\. July 31, Multiple brokerages, including J.P. Morgan and Barclays, lowered price targets, reflecting structural challenges and consumption issues.

Please note: The chart below does not include options expiring within five days.

![image](https://assets.lbctrl.com/h5hub/optrank/images/2025-08-01/ST_US_CFLT_en.png)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**