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News

Unpacking the Latest Options Trading Trends in CrowdStrike Holdings

Author: Benzinga Insights | June 06, 2024 11:02am

Investors with a lot of money to spend have taken a bullish stance on CrowdStrike Holdings (NASDAQ:CRWD).

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, 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 these investors just did?

Today, Benzinga's options scanner spotted 37 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 32%, bearish.

Out of all of the special options we uncovered, 10 are puts, for a total amount of $707,362, and 27 are calls, for a total amount of $1,902,213.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $270.0 to $520.0 for CrowdStrike Holdings during the past quarter.

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 $270.0 to $520.0 in the last 30 days.

CrowdStrike Holdings Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CRWD CALL TRADE BULLISH 06/07/24 $44.95 $41.55 $44.0 $300.00 $431.2K 667 2
CRWD CALL SWEEP BULLISH 07/19/24 $7.35 $6.35 $7.35 $370.00 $367.5K 3.0K 1.3K
CRWD PUT TRADE BEARISH 06/07/24 $12.1 $0.0 $10.9 $350.00 $218.0K 568 0
CRWD PUT TRADE BEARISH 06/18/26 $41.35 $40.5 $41.35 $280.00 $103.3K 6 0
CRWD CALL TRADE BEARISH 06/28/24 $16.95 $16.7 $16.7 $340.00 $100.2K 61 85

About CrowdStrike Holdings

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. 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

Where Is CrowdStrike Holdings Standing Right Now?

  • With a volume of 1,888,047, the price of CRWD is up 1.21% at $346.33.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 83 days.

What The Experts Say On CrowdStrike Holdings

5 market experts have recently issued ratings for this stock, with a consensus target price of $394.0.

  • An analyst from Wedbush has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $385.
  • An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $400.
  • An analyst from Mizuho persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $370.
  • Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for CrowdStrike Holdings, targeting a price of $422.
  • An analyst from Scotiabank persists with their Sector Outperform rating on CrowdStrike Holdings, maintaining a target price of $393.

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: CRWD