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CrowdStrike Holdings Unusual Options Activity
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CrowdStrike Holdings Unusual Options Activity
May 13, 2024 1:13 PM

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 16 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 6% leaning bullish and 68% bearish. Among these notable options, 5 are puts, totaling $382,032, and 11 are calls, amounting to $522,580.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $400.0 for CrowdStrike Holdings ( CRWD ) during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $150.0 to $400.0 in the last 30 days.

CrowdStrike Holdings Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CRWD PUT SWEEP BULLISH 08/16/24 $23.1 $22.8 $22.8 $310.00 $253.1K 414 171
CRWD CALL SWEEP BEARISH 01/17/25 $26.4 $25.35 $25.35 $400.00 $126.7K 403 74
CRWD CALL TRADE BEARISH 01/17/25 $58.3 $58.05 $58.05 $310.00 $63.8K 311 23
CRWD CALL SWEEP BEARISH 01/17/25 $58.5 $58.05 $58.05 $310.00 $58.0K 311 33
CRWD CALL SWEEP BEARISH 05/24/24 $10.0 $9.8 $10.0 $317.50 $49.8K 21 63

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.

Having examined the options trading patterns of CrowdStrike Holdings ( CRWD ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of CrowdStrike Holdings

Trading volume stands at 1,135,317, with CRWD's price down by -0.57%, positioned at $318.95.

RSI indicators show the stock to be may be approaching overbought.

Earnings announcement expected in 22 days.

What Analysts Are Saying About CrowdStrike Holdings

In the last month, 2 experts released ratings on this stock with an average target price of $388.0.

Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target 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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