Spotlight on CrowdStrike Holdings: Analyzing the Surge in Options Activity

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 11 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 9% leaning bullish and 54% bearish. Among these notable options, 3 are puts, totaling $167,495, and 8 are calls, amounting to $927,361.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $250.0 and $390.0 for CrowdStrike Holdings, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of CrowdStrike Holdings stands at 431.4, with a total volume reaching 617.00. 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 $250.0 to $390.0, throughout the last 30 days.

CrowdStrike Holdings Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

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.

CrowdStrike Holdings's Current Market Status

• Currently trading with a volume of 329,466, the CRWD's price is up by 0.55%, now at $391.65.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 69 days.

Expert Opinions on CrowdStrike Holdings

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $401.0.

• In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $400.
• An analyst from Wedbush has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $385.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $400.
• Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on CrowdStrike Holdings with a target price of $420.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for CrowdStrike Holdings, targeting a price of $400.

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.