CrowdStrike Holdings Whale trade spotted

Someone with a lot of money to burn has taken a bullish stance on CrowdStrike Holdings CRWD.

And retailers should know.

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

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

So how do we know what this whale just did?

Benzinga's options scanner today spotted 23 unusual options trades for CrowdStrike Holdings.

This is not normal.

The general sentiment of these big traders is split between 52% bullish and 47% bearish.

Of all the special options we discovered, 5 are puts, totaling $238,075, and 18 are calls, totaling $698,758 .

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $135.0 to $230.0 for CrowdStrike Holdings over the course of for the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of CrowdStrike Holdings options for a given strike price. Below we can observe the evolution of volume and open interest in calls and puts, respectively, for all CrowdStrike Holdings whale trades within a strike price range of $135.0 at $230.0 in the last 30 days.

CrowdStrike Holdings Options Volume and Open Interest in the Last 30 Days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume CRWD CALL TRADE BULLISH 01/20/23 $135.00 $77,000 262 25 CRWD CALL TRADE BULLISH 01/20/23 $135.00 $76.5,000 262 25 CRWD PUT SWEEP BEARISH 09/16/22 $180.00 $60.3K 2.7K 139 CRWD PUT TRADE BEARISH 09/09/22 $160.00 $59.7,000 22 0 CRWD PUT SWEEP BEARISH 09/16/22 $170.00 $57.9,000 2.9K 170

How does CrowdStrike Holdings stand? With a volume of 1,737,921, the price of CRWD is down -0.43% to $199.94. RSI indicators suggest that the underlying stock may be close to overbought. The next results should be published in 19 days. What experts say about CrowdStrike Holdings: Citigroup has decided to maintain its buy rating on CrowdStrike Holdings, which currently sits at a price target of $235.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay informed about the latest options trades for CrowdStrike Holdings, Benzinga Pro gives you real-time options trade alerts.

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