CrowdStrike To Report Earnings On Wednesday; Options Market Predicts Stock Decline

CrowdStrike Holdings, Inc. CRWD is scheduled to release financial results for its fiscal second quarter 2024 ended July 31, 2023 after the closing bell on Aug. 30, 2023.

On CNBC’s "Options Action,"  Mike Khouw of Optimize Advisors said CrowdStrike traded about 2x its average daily put volume on Monday. Options markets are implying a move of about +/-8% by the end of the week post the release of earnings.

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There were buyers of 4,110 of the September 1 weekly 135-puts at an average price of $2.23 per contract, Khouw mentioned.

Traders see CrowdStrike’s shares moving lower into Friday’s close.

Analysts expect the company to report quarterly earnings at 56 cents per share on revenue of $724.13 million.

Price Action: CrowdStrike shares fell 3.7% to close at $144.03 on Monday.

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