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What Are Whales Doing With CrowdStrike Holdings

Someone with a lot of money to spend has taken a bearish stance on CrowdStrike Holdings (NASDAQ:CRWD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzing...

Benzinga · 12/29/2021 10:04

Someone with a lot of money to spend has taken a bearish stance on CrowdStrike Holdings (NASDAQ:CRWD).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CRWD, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 17 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 29% bullish and 70%, bearish.

Out of all of the special options we uncovered, 12 are puts, for a total amount of $654,163, and 5 are calls, for a total amount of $355,137.

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 $200.0 to $310.0 for CrowdStrike Holdings over the last 3 months.

Volume & Open Interest Development

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 $200.0 to $310.0 in the last 30 days.

CrowdStrike Holdings Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CRWD PUT SWEEP BEARISH 01/14/22 $200.00 $149.9K 279 202
CRWD CALL SWEEP BEARISH 01/19/24 $210.00 $126.8K 171 24
CRWD CALL SWEEP BEARISH 01/19/24 $210.00 $121.6K 171 24
CRWD PUT TRADE BULLISH 02/18/22 $290.00 $86.8K 52 0
CRWD PUT SWEEP BEARISH 01/19/24 $210.00 $63.2K 515 13

Where Is CrowdStrike Holdings Standing Right Now?

  • With a volume of 235,069, the price of CRWD is down -1.17% at $204.81.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 76 days.

What The Experts Say On CrowdStrike Holdings:

  • Mizuho has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $330.
  • JP Morgan upgraded its action to Overweight with a price target of $255
  • Deutsche Bank has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $260.
  • Daiwa Capital downgraded its action to Outperform with a price target of $224
  • Morgan Stanley has decided to maintain their Underweight rating on CrowdStrike Holdings, which currently sits at a price target of $225.

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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.