Bull Signal Could Bring Cybersecurity Stock More Records

CrowdStrike Holdings Inc (NASDAQ:CRWD) stock is trading 0.3% lower at $264.69, as the shares continue to retreat from Tuesday's $286.99 all-time high. The equity is up 125.5% year to date, but with a bull signal now flashing, more record-setting sessions could be in store for CRWD.

CRWD sports a 10-day put/call volume ratio of 1.45 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 96% of readings from the past year. There have been four instances in the last three years that the equity's 10-day buy-to-open put/call ratio crossed over 1.0 and moved into the 90th percentile. Per Schaeffer's Senior Quantitative Analyst Rocky White, the fintech name was higher one month later 75% of the time after these signals, averaging a 6.6% gain.

Echoing this, CRWD sports a Schaeffer's put/call open interest ratio (SOIR) of 1.12. This ratio ranks higher than 84% of readings from the past year, suggesting short-term bulls have plenty of room to move in. 

Options are looking affordable as well, per the stock's Schaeffer's Volatility Index (SVI) of 51%, which stands higher than just 5% of all other readings from the past year. In other words, near-term option traders are pricing in low volatility expectations at the moment.