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Global IT outage, stocks tank: what happened and what now?
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Options Market Statistics: CrowdStrike Shares Dive 11% Following Global Tech Outage, Options Pop

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Options Newsman joined discussion · Jul 20 09:57
News Highlights
$CrowdStrike (CRWD.US)$ declined 11%. Its options trading volume was 0.66 million. Call contracts account for 41.4% of the total trading volume. The $300 puts expiring July 19 were traded most actively.
On Friday, a buggy update sent overnight by the cybersecurity company CrowdStrike caused millions of Windows computers to crash, resulting in operational disruptions for global airlines, hospitals, enterprises, and banks using Windows and CrowdStrike.
Despite CrowdStrike's statement that the incident was not caused by hackers or other security issues and their apology and acceptance of responsibility for the inconvenience caused, they failed to prevent the sell-off that day.
According to Ittai Kidron of Oppenheimer: "this is a major blow to CrowdStrike's reputation and would most likely weigh not only on investor sentiment but also on business activity for several quarters ahead."
Options Market Statistics: CrowdStrike Shares Dive 11% Following Global Tech Outage, Options Pop
$Tesla (TSLA.US)$ ended 4.02% lower. Its options trading volume was 2.75 million. Call contracts account for 54.5% of the total trading volume. The $240 puts expiring July 19 were traded most actively.
The stock price of Tesla has suffered a double blow from the remarks made by Trump and the CrowdStrike incident. Following his nomination as the Republican presidential candidate, Trump stated that he would terminate Biden's electric vehicle policy on his first day in office if elected. In addition, media reports indicate that an IT system outage caused by the $CrowdStrike (CRWD.US)$ resulted in a temporary halt of production on some of Tesla's assembly lines in Texas and Nevada.
Options Market Statistics: CrowdStrike Shares Dive 11% Following Global Tech Outage, Options Pop
$MARA Holdings (MARA.US)$ ended 4.57% higher. Its options trading volume was 0.49 million. Call contracts account for 75% of the total trading volume. The $28 calls expiring July 19 were traded most actively.
The leader of the cryptocurrency market, Bitcoin, surged by nearly 6% to $67,434 on Friday, breaking the $67,000 mark for the first time in over a month. As investors digest reports that President Biden may withdraw from the US presidential race and Trump's bullish attitude towards cryptocurrencies increases optimism surrounding Bitcoin, the large-scale global IT disruption caused by the CrowdStrike update intensified the sell-off of large tech stocks.
As Bitcoin prices continue to rise, stocks of cryptocurrency-related companies like $MARA Holdings (MARA.US)$ are also on the rise.
Options Market Statistics: CrowdStrike Shares Dive 11% Following Global Tech Outage, Options Pop
Options Market Statistics: CrowdStrike Shares Dive 11% Following Global Tech Outage, Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Amcor (AMCR.US)$, where multiple calls have topped volume to open interest ranking. The highest volume over open interest ratio reaches 87.1x with 10,630 contracts.
Options Market Statistics: CrowdStrike Shares Dive 11% Following Global Tech Outage, Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: CrowdStrike Shares Dive 11% Following Global Tech Outage, Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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