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CrowdStrike Holdings Unusual Options Activity
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CrowdStrike Holdings Unusual Options Activity
Apr 30, 2024 10:10 AM

Deep-pocketed investors have adopted a bearish approach towards CrowdStrike Holdings ( CRWD ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CRWD usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for CrowdStrike Holdings ( CRWD ). This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 58% bearish. Among these notable options, 4 are puts, totaling $244,004, and 8 are calls, amounting to $453,253.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $320.0 for CrowdStrike Holdings ( CRWD ) during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for CrowdStrike Holdings's ( CRWD ) options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of CrowdStrike Holdings's ( CRWD ) whale activity within a strike price range from $210.0 to $320.0 in the last 30 days.

CrowdStrike Holdings Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CRWD PUT SWEEP BULLISH 05/03/24 $4.2 $4.15 $4.15 $297.50 $137.0K 202 331
CRWD CALL TRADE BEARISH 05/10/24 $13.55 $13.35 $13.35 $290.00 $133.5K 242 101
CRWD CALL SWEEP BEARISH 05/10/24 $13.6 $13.4 $13.4 $290.00 $100.5K 242 176
CRWD CALL TRADE BEARISH 01/17/25 $106.4 $105.15 $105.15 $210.00 $52.5K 1.0K 1
CRWD PUT TRADE BEARISH 05/24/24 $11.3 $7.55 $10.0 $295.00 $50.0K 35 50

About CrowdStrike Holdings

CrowdStrike ( CRWD ) is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's ( CRWD ) primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.

In light of the recent options history for CrowdStrike Holdings ( CRWD ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is CrowdStrike Holdings Standing Right Now?

With a volume of 764,583, the price of CRWD is down -2.03% at $297.86.

RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

Next earnings are expected to be released in 29 days.

Expert Opinions on CrowdStrike Holdings

In the last month, 3 experts released ratings on this stock with an average target price of $392.0.

In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $400.

Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on CrowdStrike Holdings ( CRWD ) with a target price of $400.

An analyst from Keybanc persists with their Overweight rating on CrowdStrike Holdings ( CRWD ), maintaining a target price of $376.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest CrowdStrike Holdings ( CRWD ) options trades with real-time alerts from Benzinga Pro.

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