This Is What Whales Are Betting On CrowdStrike Holdings

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 16 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $94,370, and 14 are calls, for a total amount of $586,922.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $175.0 to $330.0 for CrowdStrike Holdings over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of CrowdStrike Holdings stands at 516.81, with a total volume reaching 356.00. 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 $175.0 to $330.0, throughout the last 30 days.

CrowdStrike Holdings Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

CrowdStrike Holdings's Current Market Status

• Currently trading with a volume of 552,579, the CRWD's price is up by 0.34%, now at $274.7.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 55 days.

What Analysts Are Saying About CrowdStrike Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $292.8.

• In a positive move, an analyst from Morgan Stanley has upgraded their rating to Overweight and adjusted the price target to $304.
• An analyst from Mizuho has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $275.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for CrowdStrike Holdings, targeting a price of $270.
• An analyst from Rosenblatt persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $315.
• Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for CrowdStrike Holdings, targeting a price of $300.

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.