High-rolling investors have positioned themselves bullish 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 8 options trades for CrowdStrike Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $80,845, and 7 calls, totaling $299,987.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $290.0 to $300.0 for CrowdStrike Holdings over the last 3 months.
Volume & Open Interest Trends
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 $290.0 to $300.0 in the last 30 days.
CrowdStrike Holdings Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRWD | CALL | SWEEP | BULLISH | 02/16/24 | $290.00 | $91.2K | 1.2K | 4 |
| CRWD | PUT | SWEEP | BEARISH | 09/20/24 | $300.00 | $80.8K | 147 | 23 |
| CRWD | CALL | SWEEP | BULLISH | 04/19/24 | $300.00 | $38.7K | 556 | 67 |
| CRWD | CALL | SWEEP | BULLISH | 04/19/24 | $300.00 | $38.4K | 556 | 37 |
| CRWD | CALL | TRADE | NEUTRAL | 04/19/24 | $300.00 | $38.2K | 556 | 35 |
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.
In light of the recent options history for CrowdStrike Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is CrowdStrike Holdings Standing Right Now?
- Trading volume stands at 108,042, with CRWD's price up by 0.11%, positioned at $301.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 35 days.
Professional Analyst Ratings for 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 $298.4.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $300.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on CrowdStrike Holdings with a target price of $318.
- An analyst from Morgan Stanley has elevated its stance to Overweight, setting a new price target at $304.
- An analyst from JMP Securities has decided to maintain their Market Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $330.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $240.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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