Investors with a lot of money to spend have taken a bearish stance on Coherent COHR.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COHR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Coherent.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 38%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,150, and 12, calls, for a total amount of $751,726.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $85.0 for Coherent, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Coherent's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Coherent's whale activity within a strike price range from $65.0 to $85.0 in the last 30 days.
Coherent Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COHR | CALL | SWEEP | BULLISH | 02/21/25 | $10.0 | $9.7 | $9.7 | $80.00 | $101.8K | 119 | 1 |
| COHR | CALL | SWEEP | BEARISH | 11/15/24 | $9.0 | $8.8 | $8.9 | $75.00 | $89.0K | 501 | 23 |
| COHR | CALL | SWEEP | BEARISH | 02/21/25 | $7.9 | $7.7 | $7.7 | $85.00 | $77.0K | 518 | 238 |
| COHR | CALL | SWEEP | BEARISH | 02/21/25 | $7.9 | $7.7 | $7.7 | $85.00 | $77.0K | 518 | 138 |
| COHR | CALL | SWEEP | NEUTRAL | 11/15/24 | $8.5 | $8.4 | $8.5 | $75.00 | $68.0K | 501 | 394 |
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.
After a thorough review of the options trading surrounding Coherent, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Coherent Standing Right Now?
- Currently trading with a volume of 1,941,095, the COHR's price is down by -4.17%, now at $72.66.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 26 days.
Professional Analyst Ratings for Coherent
1 market experts have recently issued ratings for this stock, with a consensus target price of $90.0.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on Coherent with a target price of $90.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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