CrowdStrike Holdings's Options Frenzy: What You Need to Know

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 50 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 32% leaning bullish and 68% bearish. Among these notable options, 10 are puts, totaling $643,566, and 40 are calls, amounting to $3,624,928.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $320.0 for CrowdStrike Holdings, spanning the last three months.

Analyzing Volume & Open Interest

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 $95.0 to $320.0 in the last 30 days.

CrowdStrike Holdings Call and Put Volume: 30-Day Overview

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.

After a thorough review of the options trading surrounding CrowdStrike Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is CrowdStrike Holdings Standing Right Now?

• Currently trading with a volume of 1,794,091, the CRWD's price is down by -1.34%, now at $289.53.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 39 days.

What Analysts Are Saying About CrowdStrike Holdings

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $296.4.

• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on CrowdStrike Holdings with a target price of $320.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $300.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $240.
• An analyst from Keybanc has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $318.
• In a positive move, an analyst from Morgan Stanley has upgraded their rating to Overweight and adjusted the price target to $304.

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.