CRWDCrowdStrike Holdings, Inc. Class A Common Stock
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $147.6B|NASDAQ
● 2026-05-15$579.95
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +34.3%YTD +27.9%7D +9.9%
Options Vol
48,331
30D
Implied Move
±16.5%
IV Rank
48%
CRWD Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 88.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.31x — IV premium over HV
Sector Relative≤50%
Sector percentile 56% — above sector median
Term Structure
<1.1xFront/Back 0.99x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 54.5% — normal range
Spread-Adjusted Value
<80%Effective IV 66.9% (ATM 54.5% + spread 6.2% + bias) — fair
Execution Efficiency
<3.0%Total drag 12.93% (spread 6.22% + slippage 6.71%) — high friction
Vega Efficiency
≥5.0Vega efficiency 329.80 (vega 205.134 / spread 6.22%) — efficient
Sentiment
Bullish or bearish?
6.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: +6%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +8% (neutral) — Raw: +6%
OI Skew Magnitude
≥15%|OI skew| 6.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +22.3%, OI skew +6.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 32%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +13%, ATM: -5%, OTM: +8% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 57% — bearish vs sector
Activity
Unusual activity?
4.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 1.3x avg — normal
Turnover Rate
≥15%Vol/OI 11.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +9.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 76% — active vs sector
Trade Quality
≥30%Large trade volume 7% — mostly retail
Execution Urgency
≥60%Aggressive execution 27% — patient
Flow Conviction
≥30Conviction +8 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 6.2% — wide
Adequate OI
≥10,000OI 412,370 — deep
Active Volume
≥500Volume 48,331/day — active
Reasonable Cost
≤$0.50$0.31 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 57% — neutral vs sector
Order Book Depth
≥100 contractsDepth 87.3 contracts (bid:40.5 ask:46.8) — thin
Execution Quality
<1.0%Avg slippage 6.71% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -1.1% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 88% — seller opportunity
Event Detection
≥10pts kinkIV kink -3.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1024.65 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +8% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 37 (ITM 20% + inst 7%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.6
bullishIV fair, bullish flow
Long Puts4.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV fair, bullish flow
Covered Call5.1
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.