Market Whales and Their Recent Bets on CRWD Options

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 43 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 48% bullish and 51%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $1,011,306, and 30 are calls, for a total amount of $1,833,210.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $450.0 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 566.12, with a total volume reaching 2,363.00. 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 $150.0 to $450.0, 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.

Having examined the options trading patterns of CrowdStrike Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of CrowdStrike Holdings

• With a volume of 2,018,687, the price of CRWD is up 4.22% at $304.7.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 12 days.

What The Experts Say On CrowdStrike Holdings

5 market experts have recently issued ratings for this stock, with a consensus target price of $331.0.

• An analyst from Truist Securities has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $350.
• An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $360.
• An analyst from Raymond James downgraded its action to Outperform with a price target of $330.
• An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $240.
• An analyst from Rosenblatt persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $375.

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.