Options Corner: CRWV

Core Company Overview - The company has experienced significant growth, outperforming both the tech sector and the S&P 500 by approximately 160% over the past year, despite a recent downturn [2][8] - The stock has seen a decline of over 40% from its all-time highs in June, with concerns surrounding investments in AI, although major customers continue to support these investments [8] Technical Analysis - The stock is currently trending downward, with a key low point near $105, and further potential lows around $85.26 [4][5] - Momentum indicators show a breakdown, with the RSI falling below the 50 midline, indicating worsening momentum [5][6] - The volume profile suggests limited trading volume until reaching a lower standard deviation channel near $68.50 [6] Options Strategy - A bullish options strategy is proposed, anticipating a rebound post-earnings, with the stock currently trading around $109 [9][10] - The options market is pricing in a potential move of approximately ±13%, with the last earnings report resulting in a 16% drop [10] - The suggested strategy involves a bullish call diagonal, buying a $110 strike call and selling a $122 strike call, with a risk of $600 and a target profitability above $112 [11][12][13]