With Bearish Overhangs in the Rearview Mirror, CrowdStrike (CRWD) Stock Looks Tempting

CrowdStrike (CRWD) on surface level may seem like a no-brainer investment. With artificial intelligence and other advanced innovations accelerating at breakneck speed, rising emphasis must be placed on cybersecurity. After all, it takes just one incident to ruin years, if not decades, of hard-earned trust and reputation. Yet CRWD stock is one of the biggest losers in the market.

Still, a major overhang now rests somewhere in the rearview mirror. Just a few weeks ago, one could make the argument that smart money sentiment was overwhelmingly negative for CRWD stock. In particular, the options flow screener — which focuses exclusively on big block transactions likely placed by institutional investors — revealed that on the Feb. 12 session, net trade sentiment fell to almost $36.2 million below parity.