Whales with a lot of money to spend have taken a noticeably bullish stance on Core Scientific.
Looking at options history for Core Scientific CORZ we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 18% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $357,725 and 7, calls, for a total amount of $463,780.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $15.0 for Core Scientific during the past quarter.
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 Core Scientific'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 Core Scientific's whale activity within a strike price range from $7.0 to $15.0 in the last 30 days.
Core Scientific 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CORZ | CALL | SWEEP | BULLISH | 10/18/24 | $0.4 | $0.3 | $0.4 | $14.00 | $200.0K | 5.5K | 5.0K |
| CORZ | PUT | SWEEP | BULLISH | 10/04/24 | $0.25 | $0.2 | $0.25 | $11.50 | $113.9K | 75 | 4.5K |
| CORZ | PUT | SWEEP | BULLISH | 12/20/24 | $3.6 | $3.5 | $3.5 | $15.00 | $105.0K | 25 | 300 |
| CORZ | CALL | SWEEP | BULLISH | 10/11/24 | $0.95 | $0.9 | $0.95 | $12.00 | $99.7K | 1.1K | 1.0K |
| CORZ | PUT | TRADE | NEUTRAL | 11/15/24 | $0.8 | $0.7 | $0.75 | $11.00 | $75.0K | 35 | 1.0K |
About Core Scientific
Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.
After a thorough review of the options trading surrounding Core Scientific, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Core Scientific
- Currently trading with a volume of 1,726,806, the CORZ's price is up by 3.17%, now at $12.36.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 51 days.
Expert Opinions on Core Scientific
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.25.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $20. * Reflecting concerns, an analyst from Bernstein lowers its rating to Outperform with a new price target of $17. * An analyst from Needham downgraded its action to Buy with a price target of $16. * An analyst from Canaccord Genuity has revised its rating downward to Buy, adjusting the price target to $16.
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