CrowdStrike is not worth 83B Dollars

Amusing conspiracy theory:

1. Quietly compromise enterprise IT vendor X.

2. Sockpuppet post on /r/wallstreetbets, suggesting shorting X, for any reason (doesn't matter why).

3. Place big bet against X's stock.

4. Use your compromise of X to accelerate a big public failure by X.

5. Profit, and the WSB post by your sockpuppet is your plausible reason for shorting X, and you're only one of a crowd who did so.

6. Bonus: sockpuppet account becomes WSB folk hero, as others also profit from tip, which is political capital you can spend later.

Simply search "crowdstrike" or "crwd" in the subreddit for evidence of regular posts about this stock, both positive and negative. Just a coincidence, and not really that special of one. HN should be smarter than this

It’s gonna bounce next week. Buying calls. Shows how pathetic global companies are to purchase their bullshit unnecessary software.

I don't think took down "half the internet" since the internet runs majority Linux.

Should I invest in broken BGP settings?

No, they are not ITM until CRWD hits $180/sh.

Those same contracts are currently trading at $13.65, so close to doubled since yesterday.

If they sold right now, ~$7000 on ~$3500 invested; not bad.

they should have stuck with the SEC whistleblower bounty program

Theyd make way more than that DOOM LEAP they bought, but its worth $13 at time of writing, so 100%

people trading the 0DTE made 18,700% though

just save this comment for when you understand it

This basically means the person has a guaranteed buyer who has to buy a set number of shares of CrowdStrike at $185 per share. If the price drops below that, say to $100, this person can buy a share at market value and immediately execute the contract making the person buy it at $185.

In the meantime, as the share price drops the contract's value itself usually goes up. They can sell the contract itself without having to touch shares and still make a profit.

The position doesn't have to be "in the money" to be profitable. At present, the underlying (that is $CRWD, not the puts themselves) is trading around $305 per share, so these puts with the strike price all the way down to $185 are still far, far off from being ITM. But, options are largely a bet on volatility. While the extreme price drop between when this user opened the trade and this morning has already made this trade quite profitable, it could still lose money if the trader holds on to it; IANAFA, but selling and taking profits on this rare event would most likely be in their interests, even if they continue to believe the underlying security will go all the way down to $185 by November.

Ayn Rand, is that you? I guess technically speaking you are correct - but that value proposition has evaporated now. They've likely lost all trust with their customers at this point.

I do hold IT departments accountable, though. A third party vendor software update should not be able to cripple your entire organization like this.

Such a worthless type of post to make

There are WSB posts all the time both positive and negative about all large companies. Simply search "crowdstrike" or "crwd" in the subreddit for evidence of regular posts. Just a coincidence, and not really that special of one.

The post says they hold a short position.