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Barchart
Barchart
Mark R. Hake, CFA

CrowdStrike Could be a Good Contrarian Play Ahead of Its Earnings Next Week

CrowdStrike CRWD Barchart

CrowdStrike Inc (CRWD) is set to release quarterly earnings next Wednesday, Aug. 28. This could lead to new volatility in CRWD stock, though it's up from recent lows. However, long-term investors see the stock as a contrarian play, given the company's strong free cash flow (FCF). 

One way to invest in this situation is to sell short deep out-of-the-money (OTM) put options. This article will describe why trade makes sense.

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