A whale with a lot of money to spend has taken a noticeably bearish stance on CrowdStrike Holdings.
Looking at options history for CrowdStrike Holdings (NASDAQ:CRWD) we detected 41 strange trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 19 are puts, for a total amount of $4,365,412 and 22, calls, for a total amount of $1,291,396.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $270.0 for CrowdStrike Holdings over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $125.0 to $270.0 in the last 30 days.
CrowdStrike Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRWD | PUT | TRADE | NEUTRAL | 01/20/23 | $220.00 | $3.5M | 1.7K | 1.0K |
| CRWD | CALL | SWEEP | BULLISH | 04/08/22 | $220.00 | $127.4K | 451 | 293 |
| CRWD | CALL | TRADE | BEARISH | 09/16/22 | $220.00 | $111.5K | 1.3K | 33 |
| CRWD | CALL | SWEEP | BEARISH | 07/15/22 | $200.00 | $102.4K | 639 | 78 |
| CRWD | PUT | SWEEP | BEARISH | 05/20/22 | $200.00 | $94.5K | 637 | 156 |
Where Is CrowdStrike Holdings Standing Right Now?
- With a volume of 2,903,463, the price of CRWD is down -3.95% at $219.98.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 58 days.
What The Experts Say On CrowdStrike Holdings:
- BTIG upgraded its action to Buy with a price target of $257
- Jefferies has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $250.
- UBS has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $285.
- RBC Capital has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $250.
- Barclays has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $255.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
