A Closer Look at CrowdStrike Holdings’s Options Market Dynamics
Financial giants have made a conspicuous bearish move on CrowdStrike Holdings. Our analysis of options history for CrowdStrike Holdings CRWD revealed 50 unusual trades.
Delving into the details, we found 34% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $184,026, and 45 were calls, valued at $7,557,322.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $260.0 and $430.0 for CrowdStrike Holdings, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for CrowdStrike Holdings’s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of CrowdStrike Holdings’s whale activity within a strike price range from $260.0 to $430.0 in the last 30 days.
CrowdStrike Holdings 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRWD | CALL | SWEEP | BEARISH | 06/21/24 | $310.00 | $2.6M | 392 | 702 |
| CRWD | CALL | TRADE | BEARISH | 06/21/24 | $320.00 | $405.0K | 876 | 2.1K |
| CRWD | CALL | SWEEP | BEARISH | 06/21/24 | $320.00 | $401.0K | 876 | 877 |
| CRWD | CALL | TRADE | BEARISH | 06/21/24 | $320.00 | $400.0K | 876 | 1.4K |
| CRWD | CALL | SWEEP | BULLISH | 06/21/24 | $320.00 | $399.9K | 876 | 227 |
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.
Current Position of CrowdStrike Holdings
- With a volume of 2,425,592, the price of CRWD is up 0.43% at $318.75.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 78 days.
Expert Opinions 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 $386.0.
- An analyst from JMP Securities has decided to maintain their Market Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $400.
- An analyst from Keybanc has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $430.
- An analyst from Canaccord Genuity has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $400.
- An analyst from Baird persists with their Outperform rating on CrowdStrike Holdings, maintaining a target price of $350.
- Consistent in their evaluation, an analyst from Needham keeps a Buy rating on CrowdStrike Holdings with a target price of $350.
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.
