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Decoding CrowdStrike Holdings's Options Activity: What's the Big Picture?

Benzinga ·  Jun 28 16:01

Financial giants have made a conspicuous bullish move on CrowdStrike Holdings. Our analysis of options history for CrowdStrike Holdings (NASDAQ:CRWD) revealed 45 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $680,562, and 32 were calls, valued at $3,084,494.

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 $500.0 for CrowdStrike Holdings, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of CrowdStrike Holdings stands at 603.0, with a total volume reaching 4,605.00. 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 $500.0, throughout the last 30 days.

CrowdStrike Holdings 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

SymbolPUT/CALLTrade TypeSentimentExp. DateAskBidPriceStrike PriceTotal Trade PriceOpen InterestVolume
CRWDCALLTRADEBEARISH06/28/24$56.8$53.8$54.5$335.00$534.1K411300
CRWDCALLTRADENEUTRAL07/19/24$106.75$103.1$105.14$280.00$525.7K1.2K0
CRWDCALLTRADEBULLISH09/20/24$120.0$116.9$119.0$270.00$249.9K1580
CRWDPUTSWEEPBEARISH06/20/25$60.3$58.6$60.3$390.00$168.8K1.0K0
CRWDCALLTRADENEUTRAL08/16/24$28.45$26.85$27.68$380.00$166.0K6040

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.

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 2,309,043, the price of CRWD is up 0.47% at $389.1.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 61 days.

What The Experts Say On CrowdStrike Holdings

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $399.0.

  • Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $400.
  • An analyst from Mizuho persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $370.
  • An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $400.
  • Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on CrowdStrike Holdings with a target price of $405.
  • An analyst from Rosenblatt has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $420.

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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