What the Options Market Tells Us About CrowdStrike Holdings
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been detected in CrowdStrike Holdings (NASDAQ:CRWD) by Benzinga's options scanner, indicating that large investors might anticipate a movement in CRWD's stock price. The analysis of 20 unusual options trades shows a sentiment split with 40% bullish and 60% bearish, targeting a price range of $185.0 to $400.0 over the last 3 months. Notable trades include both calls and puts with varying strike prices and expiration dates, suggesting a complex view on the stock's future direction. CRWD's current market status shows a slight increase in stock price to $305.53, with potential overbought signals and upcoming earnings in 29 days.
February 05, 2024 | 3:15 pm
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CrowdStrike Holdings has seen significant bearish options activity, with a sentiment split of 40% bullish and 60% bearish, targeting a price range of $185.0 to $400.0. The stock is currently up at $305.53, with potential overbought signals and earnings expected in 29 days.
The bearish sentiment in the options market, combined with the stock potentially being overbought (as indicated by RSI indicators), suggests a short-term downward pressure on CRWD's stock price. However, the upcoming earnings release could introduce volatility, making the prediction more complex.
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