Benzinga | Jan 12, 2022 12:31PM EST

This Is What Whales Are Betting On 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 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 12 uncommon options trades for CrowdStrike Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $202,272, and 8 are calls, for a total amount of $269,215.

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 $62.5 to $210.0 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 $62.5 to $210.0 in the last 30 days.

CrowdStrike Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestCRWD CALL TRADE NEUTRAL 07/15/ $210.00 $64.7K 368 271 22CRWD PUT SWEEP NEUTRAL 02/18/ $195.00 $54.4K 466 177 22CRWD PUT SWEEP BULLISH 03/18/ $185.00 $51.4K 350 54 22CRWD PUT SWEEP NEUTRAL 01/21/ $200.00 $48.3K 3.9K 195 22CRWD PUT SWEEP BEARISH 01/21/ $200.00 $48.0K 3.9K 573 22

Where Is CrowdStrike Holdings Standing Right Now?

* With a volume of 3,166,558, the price of CRWD is down -4.27% at $187.74.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 62 days.

What The Experts Say On CrowdStrike Holdings:

* JP Morgan upgraded its action to Overweight with a price target of $255

* Wells Fargo downgraded its action to Overweight with a price target of $275

* Daiwa Capital downgraded its action to Outperform with a price target of $224

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.