CrowdStrike Holdings Unusual Options Activity

CrowdStrike Holdings Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on CrowdStrike Holdings CRWD.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CRWD, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 31 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 48% bullish and 51%, bearish.

Out of all of the special options we uncovered, 17 are puts, for a total amount of $2,310,366, and 14 are calls, for a total amount of $667,028.

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 $100.0 to $430.0 for CrowdStrike Holdings over the last 3 months.

Volume & Open Interest Development

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 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 trades within a strike price range from $100.0 to $430.0 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 PUT TRADE BULLISH 01/19/24 $125.00 $1.0M 399 400
CRWD PUT TRADE BULLISH 03/17/23 $125.00 $427.5K 1.1K 408
CRWD CALL SWEEP NEUTRAL 01/19/24 $135.00 $131.0K 341 53
CRWD PUT SWEEP BEARISH 03/17/23 $110.00 $123.5K 1.3K 4
CRWD PUT TRADE NEUTRAL 12/02/22 $133.00 $121.1K 2.0K 113

Where Is CrowdStrike Holdings Standing Right Now?

  • With a volume of 3,685,409, the price of CRWD is down -1.65% at $122.02.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 96 days.

What The Experts Say On CrowdStrike Holdings:

  • RBC Capital has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $200.
  • Deutsche Bank has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $150.
  • Barclays has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $180.
  • Truist Securities has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $200.
  • Morgan Stanley has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $190.

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