Ticker Options Intelligence

CRWD options intelligence

Name: Sharemaestro CRWD Options Intent Radar
Creator: Sharemaestro
License: https://sharemaestro.com/data-license/

Crowdstrike Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 23 Sep 2026 Checked 23 Sep 2026 19:50 · partial chain

Volatility expansion watch

Volatility pressure

CRWD currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 10.1%, with volume/open-interest participation at 0.41.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report

Primary read Volatility

Volatility expansion watch

Expected move 10.1%

Wider near-term move priced

Activity / OI 0.41

Current volume is quieter versus prior open interest

Put-call 0.62

Call-side skew

Trend fit 90

Options agree with trend context

Weekly backdrop +15.0%

RS 51.8

Expected move 10.1%

Put-call volume 0.62

Volume / OI 0.41

Reference IV 0.70

Max pain 237.50

Underlying 237.65

Nearest expiry 25 Sep 2026

Contracts 687

Research Brief

CRWD has a volatility chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 213.56–261.74; The largest call open-interest concentration is 250.00; the largest put concentration is 200.00. The most active strike by current volume is 260.00.

Priced range213.56–261.74

Call concentration250.00

Put concentration200.00

Max pain reference237.50

What would confirm it

A clear directional pressure reading develops and price begins to agree.
The current chain read already agrees with the stored weekly trend context.
Participation is above the ticker's stored normal, which makes the read more noteworthy.

What would weaken it

Volatility falls and the chain remains directionally mixed.
Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 25 Sep

Options imply 213.56 to 261.74. Max pain at 237.50 sits inside that range, 0.1% below spot.

Spot Max pain

213.56237.65 ± 24.09261.74

Confirmation level

A close beyond 261.74 or below 213.56 at the 25 Sep expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 53/100

Evidence alignment, not probability

Pressure is 24/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure24 × 42%

+10.0

How strongly activity leans toward calls or puts.

Participation50 × 22%

+10.9

Volume relative to existing open interest and contract-level activity.

Trend agreement90 × 26%

+23.4

How closely the chain read agrees with the underlying trend backdrop.

Volatility89 × 10%

+8.9

The intensity of implied volatility and the priced move.

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 250.00; the largest put concentration is 200.00. The most active strike by current volume is 260.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

3597

200.00-15.8%

106

1544

220.00-7.4%

1149

1773

230.00-3.2%

427

929

232.50-2.2%

218

2816

235.00-1.1%

470

1447

240.001.0%

2871

542

242.502.0%

810

1394

245.003.1%

1264

420

250.005.2%

5473

328

252.506.2%

1224

255.007.3%

2290

260.009.4%

2489

262.5010.5%

2404

265.0011.5%

2008

270.0013.6%

2693

275.0015.7%

1950

280.0017.8%

1480

Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Model-estimated Greeks · 90% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile+$4.9MDelta change / 1% move

Positive peak250.00+$7.7M

Negative peak235.00-$5.0M

Nearest balance238.30Interpolated sign change

StrikeNegativePositiveNet / 1% move

212.50-10.6%

+$25,978

215.00-9.5%

+$27,071

217.50-8.5%

-$256,601

220.00-7.4%

-$964,392

222.50-6.4%

-$498,138

225.00-5.3%

-$1.1M

227.50-4.3%

-$797,332

230.00-3.2%

-$4.6M

232.50-2.2%

-$1.2M

235.00-1.1%

-$5.0M

237.50-0.1%

-$1.3M

240.001.0%

+$2.8M

242.502.0%

+$194,758

245.003.1%

+$729,386

247.504.1%

+$381,818

250.005.2%

+$7.7M

252.506.2%

+$1.6M

255.007.3%

+$1.8M

257.508.4%

+$362,849

260.009.4%

+$2.2M

262.5010.5%

+$474,710

Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

1.24× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.70 25 Sep 2d

0.55 2 Oct 9d

0.56 9 Oct 16d

0.56 16 Oct 23d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

193

198

203

208

210

215

220

225

230

235

238

243

248

253

258

263

268

270

275

280

285

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

34 matured · 7 directional

Across 7 stored directional transitions, the next stored price moved in the labelled direction 43% of the time.

Directional follow-through43%

Moves contained by pricing53%

Average expiry move9.0%

18 Sep Volatility · 49 15.0% through expiry 15.7% priced · v2.0

17 Sep Volatility · 46 15.0% through expiry 19.1% priced · v2.0

16 Sep Mixed · 44 15.0% through expiry 16.4% priced · v2.0

15 Sep Volatility · 53 15.0% through expiry 16.9% priced · v2.0

14 Sep Volatility · 56 15.0% through expiry 14.2% priced · v2.0

11 Sep Bullish · 48 15.0% through expiry 5.3% priced · v2.0

10 Sep Bullish · 48 -3.0% through expiry 3.0% priced · v2.0

9 Sep Bullish · 46 -3.0% through expiry 3.9% priced · v2.0

8 Sep Mixed · 45 -3.0% through expiry 4.4% priced · v2.0

4 Sep Mixed · 38 -3.0% through expiry 4.9% priced · v2.0

3 Sep Bullish · 50 -2.4% through expiry 2.9% priced · v2.0

2 Sep Volatility · 49 -2.4% through expiry 7.1% priced · v2.0

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Good

B79/100

Retained chain100%

Implied volatility100%

Two-sided quotes99%

Open interest99%

Chain status: Retained chain subset
Market date: 23 Sep 2026
Calculation: v2.0
Contracts: 687 / 687

100% of provider contracts were retained for this snapshot.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Volatility expansion bet

92/100

Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $72.5M of estimated gross traded notional, calls · 0-7 days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+24

1W price+15.0%

Call premium85%

Put premium15%

Notional split C 85% / P 15% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.

Freshness 0.41 Volume divided by open interest across the visible chain.

Trend fit 90/100 Agreement between options pressure and Sharemaestro market context.

Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.

Conviction clusters Calls · 0-7 days · OTM

Calls · 0-7 days · OTM calls cluster with 42396 contracts traded, $20.3M estimated gross traded notional, and 28% of visible notional.

$20.3M

Calls · 22-45 days · ITM calls cluster with 1461 contracts traded, $17.1M estimated gross traded notional, and 24% of visible notional.

$17.1M

Calls · 22-45 days · OTM calls cluster with 6476 contracts traded, $10.9M estimated gross traded notional, and 15% of visible notional.

$10.9M

Calls · 8-21 days · OTM calls cluster with 9804 contracts traded, $7.9M estimated gross traded notional, and 11% of visible notional.

$7.9M

Puts · 22-45 days · ITM puts cluster with 2086 contracts traded, $3.8M estimated gross traded notional, and 5% of visible notional.

$3.8M

Setup Classification

Opportunity and risk frame

Context, not advice

Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Above normal

Activity is running above the recent historical baseline.

Baseline: 38 completed sessions

Volume rank82th

Volume/OI rank92th

IV rank55th

Market Context

Underlying confirmation

Sharemaestro weekly

Close237.65

1W+15.0%

RS51.8

Fair value+127.8%

Options pressure24

Speculation50

Volatility89

Trend fit90

Today Versus Normal

Stored-options context

View history

Expected move 10.1% near normal

30d avg 9.2% · 19 sessions 68th

90d avg 7.9% · 38 sessions 79th

180d avg - · 38/60 sessions -

IV 0.70 near normal

30d avg 0.86 · 19 sessions 47th

90d avg 0.76 · 38 sessions 55th

180d avg - · 38/60 sessions -

Put-call 0.62 near normal

30d avg 0.72 · 19 sessions 32th

90d avg 0.84 · 38 sessions 21th

180d avg - · 38/60 sessions -

Volume/OI 0.41 elevated

30d avg 0.19 · 19 sessions 84th

90d avg 0.12 · 38 sessions 92th

180d avg - · 38/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail

15 Sep 16:00 Bullish

Pressure 32

Move 15.6%

15 Sep 17:20 Volatility

Pressure 33

Move 16.9%

15 Sep 19:00 Volatility

Pressure 28

Move 16.9%

16 Sep 14:03 Mixed

Pressure -15

Move 15.6%

16 Sep 15:20 Mixed

Pressure -7

Move 16.9%

16 Sep 17:02 Mixed

Pressure 2

Move 17.2%

16 Sep 18:30 Mixed

Pressure 0

Move 16.4%

17 Sep 13:40 Mixed

Pressure -4

Move 16.4%

Strike Map

Where activity is clustering

Full strike map

Strike110.00

Calls · V 16 · OI 25

Puts · V 50 · OI 311

Strike115.00

Calls · V 2 · OI 10

Puts · V 10 · OI 402

Strike120.00

Calls · V 2 · OI 11

Puts · V 6 · OI 88

Strike125.00

Calls · V 4 · OI 4

Puts · V 50 · OI 153

Strike130.00

Calls · V 14 · OI 14

Puts · V 32 · OI 41

Strike135.00

Calls · V 9 · OI 50

Puts · V 1 · OI 169

Strike140.00

Calls · V 2 · OI 11

Puts · V 17 · OI 324

Strike145.00

Calls · V 4 · OI 17

Puts · V 67 · OI 1504

Term Structure

Expiration activity

Volume and IV

Expiry25 Sep 2026

Contracts127

Avg IV0.70

Put-call0.45

Expiry2 Oct 2026

Contracts124

Avg IV0.55

Put-call0.88

Expiry9 Oct 2026

Contracts86

Avg IV0.56

Put-call1.89

Expiry16 Oct 2026

Contracts350

Avg IV0.56

Put-call1.01

Skew

Call/put IV balance

OTM demand

25 Sep 2026Put IV premium

Call IV0.52

Put IV0.70

Skew0.19

2 Oct 2026Balanced skew

Call IV0.54

Put IV0.57

Skew0.03

9 Oct 2026Balanced skew

Call IV0.55

Put IV0.56

Skew0.01

16 Oct 2026Balanced skew

Call IV0.56

Put IV0.55

Skew-0.01

Contract Tape

Most active contracts

Full contract tape

ContractCRWD261016C00047500

SideCall

Expiry16 Oct 2026

Strike47.50

Volume-

OI-

IV-

ContractCRWD261016C00045000

SideCall

Expiry16 Oct 2026

Strike45.00

Volume-

OI-

IV-

ContractCRWD261016C00052500

SideCall

Expiry16 Oct 2026

Strike52.50

Volume-

OI-

IV-

ContractCRWD261016C00062500

SideCall

Expiry16 Oct 2026

Strike62.50

Volume-

OI-

IV-

ContractCRWD261016C00050000

SideCall

Expiry16 Oct 2026

Strike50.00

Volume-

OI-

IV-

ContractCRWD260925P00320000

SidePut

Expiry25 Sep 2026

Strike320.00

Volume-

OI-

IV1.12

ContractCRWD260925P00305000

SidePut

Expiry25 Sep 2026

Strike305.00

Volume-

OI-

IV0.91

ContractCRWD261016C00065000

SideCall

Expiry16 Oct 2026

Strike65.00

Volume-

OI801

IV0.00

CRWD options intelligence

Volatility pressure

CRWD has a volatility chain read with 53/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 53/100

Where open interest and current activity concentrate

Balanced gamma proxy

Front-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Good

Volatility expansion bet

Opportunity and risk frame

Above normal

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Send a message

Evidence context

CRWD options intelligence

Volatility pressure

CRWD has a volatility chain read with 53/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 53/100

Where open interest and current activity concentrate

Balanced gamma proxy

Front-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Good

Volatility expansion bet

Opportunity and risk frame

Above normal

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Related research and context

Sharemaestro research

Related News

Market Watch

Earnings