CrowdStrike Holdings Unusual Options Activity

High-rolling investors have positioned themselves bearish on CrowdStrike Holdings CRWD, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CRWD often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for CrowdStrike Holdings. This is not a typical pattern.

The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $30,000, and 8 calls, totaling $270,645.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $180.0 to $290.0 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 $180.0 to $290.0 in the last 30 days.

CrowdStrike Holdings 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Current Position of CrowdStrike Holdings

• With a volume of 1,042,255, the price of CRWD is up 1.89% at $281.5.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 47 days.

What Analysts Are Saying About CrowdStrike Holdings

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $309.4.

• Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on CrowdStrike Holdings with a target price of $290.
• Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for CrowdStrike Holdings, targeting a price of $318.
• An analyst from Morgan Stanley has elevated its stance to Overweight, setting a new price target at $304.
• Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for CrowdStrike Holdings, targeting a price of $320.
• Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for CrowdStrike Holdings, targeting a price of $315.

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.