Salesforce, Inc. CRM Shares rose sharply on Thursday after the company reported better-than-expected Q4 results and issued strong guidance. Several analysts also raised their price targets for the stock after quarterly profit.

On CNBC’s “Options action,” Mike Khouw of Optimize Advisors said Salesforce was trading at 6.5 times average daily options volume on Thursday.

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There was one buyer of 1,780 May 195/220 call spreads at an average price of $7.00 per contract, Khouw said.

The trader expects Salesforce stock to climb as much as 18% by the end of May.

price action: Salesforce shares are up 11.5% to close at $186.59 on Thursday.

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