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Shadow of Ezra
@ShadowofEzra
In a new twist to the story of the widespread IT outage that affected devices across the planet, caused by CrowdStrike, it appears someone made a massive $2 million put bet on CRWD stock right before it happened.
Specifically, just two days before the outage, someone placed a $2.3 million put bet on CRWD with a strike price of $370, expiring on January 17, 2025.
Put stock options are bets that the stock price will fall, which means whoever placed them was anticipating something bad to happen.
Was this also a clerical error?
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