Investors with a lot of money to spend have taken a bearish stance on CrowdStrike Holdings 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 20 uncommon options trades for CrowdStrike Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $114,469, and 17 are calls, for a total amount of $791,263.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $185.0 to $400.0 for CrowdStrike Holdings over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of CrowdStrike Holdings stands at 339.76, with a total volume reaching 717.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in CrowdStrike Holdings, situated within the strike price corridor from $185.0 to $400.0, throughout the last 30 days.
CrowdStrike Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRWD | CALL | SWEEP | BEARISH | 05/17/24 | $300.00 | $89.0K | 253 | 62 |
| CRWD | CALL | SWEEP | BEARISH | 02/09/24 | $305.00 | $87.9K | 655 | 156 |
| CRWD | CALL | TRADE | BEARISH | 01/17/25 | $320.00 | $83.7K | 428 | 21 |
| CRWD | CALL | TRADE | BEARISH | 05/17/24 | $300.00 | $63.9K | 253 | 67 |
| CRWD | PUT | SWEEP | BULLISH | 05/17/24 | $320.00 | $52.1K | 46 | 16 |
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.
Following our analysis of the options activities associated with CrowdStrike Holdings, we pivot to a closer look at the company's own performance.
CrowdStrike Holdings's Current Market Status
- With a volume of 483,833, the price of CRWD is up 0.65% at $305.53.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 29 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for CrowdStrike Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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