Option traders moderately bearish in CrowdStrike Holdings (CRWD), with shares down $23.00 near $490.50. Options volume running well above average with 58k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 1.2 points near 36.87,in the bottom quartile of the past year, suggesting an expected daily move of $11.39. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at Piper Sandler.
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