
CrowdStrike Holdings Inc (NASDAQ:CRWD) Wednesday reports earnings after the bell. Shares of the company plummeted more than 6% on Tuesday.
On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that the stock is trading more than 1.6 times its average daily volumes. The market is implying a move of 12.5% by the end of the week, which is “considerably more than the 8.3% or so that it’s averaged over the last eight quarters,” he added.