Call Spread on CRWD on 6/24/2021

CrowdStrike Holdings, Inc. (CRWD) provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. 

It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

The company primarily sells its platform and cloud modules through its direct sales team. Shares have formed a bullish "wedge"and are expected to move higher out of this formation.

We will trade July 9th Call Options

Last Trade: $252.90

Trading Range: $93.37 to $257.545

Trade Buy 1 July $252.50 Call at $8.95 Sell 1 July $270.00 Call at $2.55 For a net debit of $6.40 Profit/Loss Analysis Breakeven at $258.90 Maximum profit is $1,110.00 at strike of $270.00 Maximum loss is ($640.00) at strike of $252.00 Closing Summary Sold 1 July $252.50 Call at $11.65 Bought 1 July $270.00 Call at $1.82

Position closed on 7/12/2021 at price of $9.83 with a 53.59% gain in 17 days.

Updates

7/6/2021 2:25:17 PM

Taking profits at $263.50.

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