CRWD - Time to Step In?Crowdstrike has been in the news of recent and a lot of negativity surrounding it. This is one of those selloffs that could be a great buying opportunity such as we have seen in the past with other stocks that took a beating after a negative event happened.
So I am a buyer here. Was waiting for the stock to show some signs of support and finally we are seeing the beginning of that.
The 190 level was the level I was looking at initially as this is broader support, but the market found buyers around 200. Now we have a bounce on the back of some upgrades and this is following the market attempting to make a bounce itself.
It is still pre-market but I am looking at selling Puts for expiration this week and or buying the stock outright. The premiums on options are silly, and so I am not a buyer at high premiums, I am a seller.
There is a nice fat gap to fill and my target level is 290, about 60 pts higher.
Keep posted will let you know the trade when I take it.
