Looking At CrowdStrike Holdings's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on CrowdStrike Holdings.

Looking at options history for CrowdStrike Holdings CRWD we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $122,485 and 13, calls, for a total amount of $654,754.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $370.0 for CrowdStrike Holdings, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for CrowdStrike Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across CrowdStrike Holdings's significant trades, within a strike price range of $200.0 to $370.0, over the past month.

CrowdStrike Holdings 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CRWD CALL SWEEP BULLISH 04/05/24 $330.00 $119.4K 548 226
CRWD CALL SWEEP BULLISH 05/17/24 $310.00 $94.9K 2.8K 30
CRWD PUT TRADE NEUTRAL 04/12/24 $370.00 $82.7K 11 19
CRWD CALL TRADE BEARISH 05/17/24 $290.00 $79.5K 287 17
CRWD CALL SWEEP BEARISH 04/05/24 $330.00 $67.0K 548 350

About CrowdStrike Holdings

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's 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, it's now appropriate to focus on the company itself. We aim to explore its current performance.

CrowdStrike Holdings's Current Market Status

  • Currently trading with a volume of 520,054, the CRWD's price is up by 0.53%, now at $326.49.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 64 days.

Professional Analyst Ratings for CrowdStrike Holdings

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $398.2.

  • Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on CrowdStrike Holdings with a target price of $425.
  • An analyst from Wedbush has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $350.
  • Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for CrowdStrike Holdings, targeting a price of $372.
  • An analyst from HSBC persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $412.
  • An analyst from BTIG has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $432.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for CrowdStrike Holdings, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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