Dated end-of-day edition
JW Intelligence Report

CrowdStrike Holdings Inc / CRWD

StockTechnologyTechnology
JW Rank72.2/ 100
Official close$213.20-1.77 (-0.82%)
Bid$212.69
Ask$213.15
Previous close$214.97
ATR (14)5.81%
RSI (14)53.1
Volume5.05M
Model reference$210.00
Upside scenario$230.00
Risk reference$199.00
Decision summary

CRWD Option Market Prices in Strong Earnings and AI Growth Potential

ConstructiveHigh confidence

The CRWD option market is pricing in a bullish outlook, reflecting strong Q2 earnings, record net new ARR, and the company's expanding AI cybersecurity offerings. The term structure shows contango, with higher implied volatility for longer-dated options, suggesting expectations for continued growth and potential volatility.

Wheel contextThe market appears optimistic about CRWD's future prospects, particularly its ability to capitalize on the growing demand for AI-powered cybersecurity solutions.
Dated supporting context

JW AI outlook

Bullish

Short-term scenario

Cautious buy on any pullback toward support; momentum and AI catalysts remain intact but post-earnings digestion and high valuation increase near-term risk of consolidation or fade.

Three-month outlook

Constructive with potential for $240-260 if AI product adoption and partnerships drive continued ARR acceleration, aligning with several raised analyst targets. However, significant uncertainty exists from stretched valuation (P/S ~40x, forward P/E 150x+), possible growth deceleration per Q3 guide, insider selling, competition in cybersecurity, and broader market/tech volatility. Execution on new agentic AI offerings will be key; a miss could trigger multiple compression.


Market sentiment context

Mostly positive among traders and analysts: strong earnings and AI cybersecurity positioning highlighted, CRWD appearing on watchlists and dip-buy lists (some targeting ~184-200). Options activity noted with large gains. Mixed with comments on high volatility (expected 7% daily swings) and waiting for better entries amid stretched valuation.

Observed market data

Price and technical structure

Dated end-of-day indicator set
Trend reference levels11 observations
20D SMA$210.56
50D SMA$200.81
200D SMA$142.49
9D EMA$211.50
21D EMA$208.12
20D MVWAP$212.01
YTD VWAP$136.80
Daily reference VWAP$214.24
Price vs 20D SMA1.21%
Price vs 50D SMA6.12%
Price vs 200D SMA49.55%
Momentum kinematics10 observations
RSI (7)52.39
RSI (14)53.12
RSI (21)53.95
Stochastic K55.58
Stochastic D59.79
MACD line3.95
MACD histogram3.78
ADX (14)21.61
MACD acceleration-0.26
RSI velocity-0.46
Volatility and price boundaries11 observations
ATR (14)-0.13
ATR (14) %5.81%
Bollinger upper$239.40
Bollinger middle$210.56
Bollinger lower$181.72
Bollinger position0.54%
Volatility environmentHigh
20D realized volatility91.63%
Observed range position71.47%
5D true high$233.88
5D true low$200.60
Participation and institutional flow7 observations
Volume5.05M
20D average volume6.71M
Volume vs 20D average0.75x
20D SMA velocity0.00
50D SMA velocity0.82
Institutional flow-0.07
ATR velocity-0.13
Available cached indicators

Detailed decision indicators

Dated authorized values
Market overview7 observations
Price$213.20
DateSep 4, 2026
Volume5.05M
Vwap D$214.24
Mvwap 20$212.01
Change-1.77
Change Percentage 0.82%
Trend structure6 observations
Trend SignalStrong Bull
Sma 20$210.56
Sma 50$200.81
Sma 200$142.49
Ema 9$211.50
Ema 21$208.12
Momentum structure9 observations
Rsi 752.39
Rsi 1453.12
Rsi 2153.95
Rsi SignalNeutral
Stoch K55.58
Stoch D59.79
Macd Line3.95
Macd SignalBullish
Macd Hist3.78
Volatility structure3 observations
Atr12.39
Atr Pct5.81%
EnvironmentHigh
Option market context3 observations
Current Iv49.56
Iv Rank49.28
Iv Percentile55.56%
Price boundaries8 observations
Bb Upper239.4
Bb Middle210.6
Bb Lower181.7
Bb Pctb0.54
True High$218.31
True Low$211.32
True High 5d$233.88
True Low 5d$200.60
Three-day velocities7 observations
Sma20$0.00
Sma50$0.82
Mvwap20$-0.07
Macd-0.26
Rsi-0.46
Volume-1.55M
Atr-0.13
Risk radar5 observations
Earnings RiskLow
Earnings DateDec 1, 2026
Macro RiskUnknown
Vol RiskHigh
Structure RiskLow
Deterministic scoring

JW Rank factors

Higher scores indicate stronger observed structure
LiquidityTrading capacity and quote quality proxyCoverage 100%
93
Strategy FitGeneric Wheel premium-selling environment fitCoverage 100%
73
Technical TrendPrice trend, momentum and long-term structureCoverage 100%
86
Market Tail RiskMarket-wide volatility and tail-risk regimeCoverage 100%
64
Fundamental QualityBusiness quality and balance-sheet durabilityCoverage 86%
51
Volatility PressureOption premium pressure relative to realized movementCoverage 100%
52

JW Rank is not a buy/sell rating, and coverage measures field availability—not accuracy or certainty.

Options Intelligence

What the closing chain was pricing

CRWD Option Market Prices in Strong Earnings and AI Growth Potential

The CRWD option market is pricing in a bullish outlook, reflecting strong Q2 earnings, record net new ARR, and the company's expanding AI cybersecurity offerings. The term structure shows contango, with higher implied volatility for longer-dated options, suggesting expectations for continued growth and potential volatility.

Front ATM IV44.53%
Current IV49.43%
IV Rank48.99
IV Percentile55.16%
25Δ skew0.53
Term slope3.82
Term structureContango
Quote coverage100%
Median option spread6.45%
Term structure

Implied volatility by expiration

3 observed expirations
48.4%44.5%
ExpirationDTEATM IVState
2026-09-117.0044.53%
2026-09-1814.0046.92%
2026-09-2521.0048.35%
Reference structures

Defined-risk observations

Bull Put Spread Reference

Expiration
Short strike$205.00
Long strike$202.50
Net credit / share$0.62
Credit / width25.00%
$62$-188$201.13$206.38Expiration payoff per standard 100-share contract

Bear Call Spread Reference

Expiration
Short strike$222.50
Long strike$225.00
Net credit / share$0.49
Credit / width19.40%
$49$-201$221.13$226.38Expiration payoff per standard 100-share contract
Evidence used
  • Implied volatility is elevated at 49.43%, indicating market anticipation of significant price movement.
  • The skew is balanced, suggesting a relatively symmetrical view on both upside and downside potential.
  • Front-month options are trading with higher implied volatility compared to longer-dated options, reflecting near-term excitement around the company's recent earnings report and AI product launches.
  • Strong technical indicators like price above SMAs and positive MACD signal a bullish trend.
Risk context
  • High valuation metrics (P/S ~40x, forward P/E 150x+) raise concerns about potential overvaluation and susceptibility to market corrections.
Strategy intelligence

Structural fit, not a trade instruction

Wheel fit score73.30

The market appears optimistic about CRWD's future prospects, particularly its ability to capitalize on the growing demand for AI-powered cybersecurity solutions.

Execution intelligence

Liquidity and quote conditions

Dollar volume$1.08B
Underlying bid/ask spread0.22%
Option quote coverage100%
Median option spread6.45%
Fundamental intelligence

Business quality context

Factor score49.00
Coverage86%

Business quality and balance-sheet durability

Latest strategy observation

CRWD Covered Call signal

Sep 4, 2026 9:35 AM EDT

Covered Call | 2026-09-11 | short $215.00 | $6.23 credit | High turnover | also meets Conservative

Generalized structural observation only; no quantity, order instruction or personalized recommendation is provided.

Company and fundamental profile

CrowdStrike Holdings Inc at a glance

Dated valuation, quality, growth and shareholder context

Market position and valuation

Market capitalization$217.59B
P/E (TTM)3,726.3×
Beta1.20
52-week range$85.68 – $233.88
52-week return108.49%
Shares outstanding1.02B

Profitability and financial quality

Return on equity1.29%
Operating margin-2.21%
Net margin1.08%
Debt / equity0.17×

Growth and cash generation

Revenue growth (3Y)29.01%
Free cash flow CAGR (5Y)33.50%
Revenue / share (TTM)5.17
Book value / share5.01

Trading and reference facts

MarketNasdaq Nms Global Market
CountryUs
CurrencyUsd
IPO dateJun 12, 2019
Company website
Methodology, edition and field coverage
EditionOfficial Close
Ready sections3 / 3
Report identity23ad791a85c6a2368de344b4

JW Rank is deterministic and is not a buy/sell rating. Narrative sections explain dated evidence and do not change the score or observed facts. Coverage measures field availability, not accuracy or certainty. This public edition remains fixed.

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Important disclosures. Generalized market-structure research only. This report does not consider holdings, objectives, risk tolerance or financial circumstances and is not an investment recommendation, transaction instruction, offer, solicitation or return forecast. Market data, model scores and AI explanations may be delayed, incomplete or incorrect. Past, hypothetical, model and settled-signal results do not predict future results. Options are complex and may involve loss of the entire premium, substantial or theoretically unlimited loss, assignment, early exercise, margin, liquidity and execution risk. Before trading standardized options, read the OCC’s Characteristics and Risks of Standardized Options. Terms of Use · Privacy Policy