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Contrarians are now looking very closely at CrowdStrike Holdings (CRWD) stock. The stock is down almost 22% after its software crash last week. However, the outlook for cybersecurity firms' free cash flow is still strong. Put option premiums are now very high, ideal for short plays.
CRWD stock is down to $304.96 on Friday, July 21, from a peak of $390.71 on July 8. This is mainly due to a massive IT worldwide outage on Friday Crowdstrike's update failure caused.