What Are Whales Doing With CrowdStrike Holdings

What Are Whales Doing With CrowdStrike Holdings

A whale with a lot of money to spend has taken a noticeably bearish stance on CrowdStrike Holdings.

Looking at options history for CrowdStrike Holdings CRWD we detected 62 strange trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 59% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $684,930 and 48, calls, for a total amount of $2,564,522.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $310.0 for CrowdStrike Holdings over the last 3 months.

Volume & Open Interest Development

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 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 whale activity within a strike price range from $120.0 to $310.0 in the last 30 days.

CrowdStrike Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CRWD CALL SWEEP BEARISH 01/19/24 $125.00 $151.2K 61 41
CRWD CALL SWEEP BEARISH 06/16/23 $140.00 $110.2K 16 150
CRWD CALL SWEEP BULLISH 06/16/23 $140.00 $98.0K 16 151
CRWD CALL SWEEP BULLISH 01/19/24 $130.00 $97.8K 46 25
CRWD CALL TRADE BEARISH 06/16/23 $145.00 $91.7K 3 17

Where Is CrowdStrike Holdings Standing Right Now?

  • With a volume of 8,610,745, the price of CRWD is down -6.13% at $181.44.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 91 days.

What The Experts Say On CrowdStrike Holdings:

  • Barclays has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $215.
  • Stephens & Co. downgraded its action to Overweight with a price target of $236
  • Citigroup has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $245.
  • Guggenheim downgraded its action to Buy with a price target of $270
  • Piper Sandler has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $240.

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.

Posted In: BZI-UOAOptionsMarkets