Looking At CrowdStrike Holdings's Recent 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 13 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 23% bullish and 76%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $335,593, and 5 are calls, for a total amount of $280,909.

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 $110.0 to $175.0 for CrowdStrike Holdings over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for CrowdStrike Holdings options trades today is 1013.36 with a total volume of 2,762.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for CrowdStrike Holdings's big money trades within a strike price range of $110.0 to $175.0 over 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 BULLISH 10/20/23 $175.00 $87.4K 3.4K 616
CRWD CALL SWEEP BULLISH 01/19/24 $160.00 $76.5K 2.1K 81
CRWD CALL SWEEP BEARISH 11/17/23 $170.00 $61.5K 267 127
CRWD PUT SWEEP BEARISH 11/17/23 $145.00 $54.2K 125 929
CRWD PUT SWEEP BEARISH 10/20/23 $160.00 $50.9K 2.9K 279

Where Is CrowdStrike Holdings Standing Right Now?

  • With a volume of 1,453,744, the price of CRWD is down -1.6% at $159.97.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 64 days.

What The Experts Say On CrowdStrike Holdings:

  • Jefferies has decided to maintain their Hold rating on CrowdStrike Holdings, which currently sits at a price target of $170.
  • Scotiabank has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $186.
  • Truist Securities has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $200.
  • Cantor Fitzgerald downgraded its action to Overweight with a price target of $180
  • Cantor Fitzgerald downgraded its action to Overweight with a price target of $180

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.

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Posted In: OptionsMarketsBZI-UOA
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