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News

Spotlight on CrowdStrike Holdings: Analyzing the Surge in Options Activity

Author: Benzinga Insights | June 14, 2024 10:30am

Investors with a lot of money to spend have taken a bearish 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 14 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 21% bullish and 42%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $119,292, and 11 are calls, for a total amount of $563,456.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $220.0 to $400.0 for CrowdStrike Holdings during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $220.0 to $400.0 in the last 30 days.

CrowdStrike Holdings Call and Put Volume: 30-Day Overview

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CRWD CALL SWEEP BEARISH 06/14/24 $20.75 $19.8 $19.8 $365.00 $156.4K 948 1
CRWD CALL TRADE BULLISH 03/21/25 $115.0 $114.1 $115.0 $300.00 $57.5K 199 0
CRWD CALL TRADE NEUTRAL 12/20/24 $55.3 $52.75 $53.92 $380.00 $53.9K 312 0
CRWD CALL SWEEP BEARISH 06/14/24 $20.65 $19.85 $19.85 $365.00 $53.5K 948 80
CRWD CALL SWEEP NEUTRAL 06/14/24 $74.1 $71.15 $72.85 $310.00 $50.9K 357 1

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 trading volume of 922,801, the price of CRWD is up by 0.8%, reaching $385.88.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 75 days from now.

What Analysts Are Saying About CrowdStrike Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $396.0.

  • In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $400.
  • An analyst from DA Davidson persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $380.
  • Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on CrowdStrike Holdings with a target price of $410.
  • Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on CrowdStrike Holdings with a target price of $370.
  • In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $420.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest CrowdStrike Holdings options trades with real-time alerts from Benzinga Pro.

Posted In: CRWD