Crowdstrike could be the next cloud stock to soar on earnings, say options traders

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Options traders are betting on Crowdstrike to post big earnings gains when the cybersecurity company reports after the bell on Wednesday.

The cybersecurity stock has had a wild year thus far, surging more than 175% as companies shift more and more of their workflow into the cloud. Options traders are betting that shift will manifest in big gains when Crowdstrike reports after the bell on Wednesday, even after a 14% rally in Tuesday's session.

"Crowdstrike traded two times the average daily option volume by midmorning, more than seven times by the end of the day. The most active [Sep. 4] weekly options were the 150-strike

 

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