What the Options Market Tells Us About CrowdStrike Holdings

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 22 extraordinary options activities for CrowdStrike Holdings. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 36% leaning bullish and 63% bearish. Among these notable options, 4 are puts, totaling $164,675, and 18 are calls, amounting to $1,698,948.

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 $135.0 to $410.0 for CrowdStrike Holdings over the last 3 months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of CrowdStrike Holdings stands at 1324.06, with a total volume reaching 1,628.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in CrowdStrike Holdings, situated within the strike price corridor from $135.0 to $410.0, throughout the last 30 days.

CrowdStrike Holdings Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About CrowdStrike Holdings

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation endpoint and cloud workload protection. 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.

Having examined the options trading patterns of CrowdStrike Holdings, 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 1,814,537, with CRWD's price up by 0.76%, positioned at $197.8.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 15 days.

What The Experts Say On CrowdStrike Holdings

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $226.66666666666666.

• In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $235.
• Reflecting concerns, an analyst from Argus Research lowers its rating to Buy with a new price target of $220.
• An analyst from Jefferies has elevated its stance to Buy, setting a new price target at $225.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for CrowdStrike Holdings with Benzinga Pro for real-time alerts.