Benzinga's options scanner just detected over 10 options trades for Coherent COHR summing a total amount of $1,083,711.
At the same time, our algo caught 2 for a total amount of 219,603.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $85.0 for Coherent over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Coherent options trades today is 1048.0 with a total volume of 12,996.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coherent's big money trades within a strike price range of $40.0 to $85.0 over the last 30 days.
Coherent Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COHR | CALL | SWEEP | BULLISH | 05/17/24 | $1.45 | $1.45 | $1.45 | $70.00 | $352.8K | 1.5K | 2.4K |
| COHR | CALL | SWEEP | BULLISH | 06/21/24 | $4.0 | $3.8 | $4.0 | $65.00 | $198.4K | 2.4K | 4 |
| COHR | PUT | SWEEP | BULLISH | 04/05/24 | $3.9 | $3.6 | $3.6 | $62.00 | $186.5K | 1.2K | 539 |
| COHR | CALL | SWEEP | BULLISH | 05/17/24 | $4.4 | $4.3 | $4.4 | $60.00 | $124.0K | 786 | 290 |
| COHR | CALL | TRADE | BULLISH | 01/16/26 | $11.0 | $9.2 | $10.55 | $85.00 | $105.5K | 58 | 100 |
About Coherent
Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.
Where Is Coherent Standing Right Now?
- With a trading volume of 1,087,023, the price of COHR is down by -2.83%, reaching $58.3.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 36 days from now.
What Analysts Are Saying About Coherent
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $70.0.
- Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Coherent, targeting a price of $72.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Coherent, targeting a price of $68.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Coherent, Benzinga Pro gives you real-time options trades alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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