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

Benzinga ·  Jun 29 04:01

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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