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CrowdStrike Holdings (CRWD), the cybersecurity company, released strong results on Tuesday, June 3. CRWD stock is up and could rise further based on its strong free cash flow growth (FCF) and FCF margins. One way to play it is to sell short out-of-money puts.
CRWD closed at $462.94 on Thursday, June 5, giving the stock a market cap of $115.4 billion. That's is close to its recent peak. So, could it rise further?