Investors with a lot of money to spend have taken a bearish stance CrowdStrike Holdings (NASDAQ:CRWD).
And retailers should know.
We noticed this today when the trades appeared in the publicly available options history we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens to CRWD, it often means someone knows something is going to happen.
So how do we know what these investors just did?
Today, Benzinga’s options scanner discovered 90 unusual options trades for CrowdStrike Holdings.
This is not normal.
The overall sentiment of these big money traders is split between 37% bullish and 46% bearish.
Of all the special options we discovered, 23 are puts, for a total of $1,325,381, and 67 are calls, for a total of $4,535,169.
What is the price target?
Based on trading activity, it appears that major investors are targeting a price range ranging from $270.0 to $820.0 for CrowdStrike Holdings over the past three months.
Insight into volume and open interest
Looking at volume and open interest is a powerful move when trading options. This data allows you to track the liquidity and interest for CrowdStrike Holdings’ options at a given strike price. Below we can see the evolution of the volume and open interest of calls and puts respectively for all CrowdStrike Holdings whale trades within a strike price range of $270.0 to $820.0 over the last 30 days.
CrowdStrike Holdings Call and Put Volume: 30 Day Summary
Largest observed option trades:
About CrowdStrike Holdings
CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoints, cloud workloads, identity and security operations. CrowdStrike’s flagship offering is the Falcon platform, which provides a proverbial central pane of glass for an enterprise to detect and respond to security threats that attack IT infrastructure. The Texas-based company was founded in 2011 and went public in 2019.
After examining CrowdStrike Holdings’ options trading patterns, our attention now turns directly to the company. This shift allows us to delve deeper into the current market position and performance
Current Market Position of CrowdStrike Holdings
- Trading volume stands at 1,978,335, with CRWD stock down -1.79% to $408.36.
- RSI indicators indicate that the stock is currently neutral between overbought and oversold.
- Earnings announcement expected in 19 days.
What analysts say about CrowdStrike Holdings
Over the past month, industry analysts have been sharing their insights on this stock, suggesting an average target price of $485.0.
- Consistent with their evaluation, a Macquarie analyst maintains a neutral rating on CrowdStrike Holdings with a price target of $485.
Options trading carries higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
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