Investors with a lot of money to spend have taken a bullish stance on Core Scientific CORZ.
And retail traders should know.
We noticed this today when the trades 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 CORZ, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 16 uncommon options trades for Core Scientific.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $573,688, and 7 are calls, for a total amount of $392,408.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $21.0 for Core Scientific during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Core Scientific options trades today is 3488.86 with a total volume of 15,306.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Core Scientific's big money trades within a strike price range of $10.0 to $21.0 over the last 30 days.
Core Scientific 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CORZ | PUT | SWEEP | BULLISH | 01/16/26 | $5.3 | $5.1 | $5.1 | $17.00 | $145.8K | 696 | 288 |
| CORZ | CALL | SWEEP | BEARISH | 04/17/25 | $5.5 | $5.4 | $5.4 | $13.00 | $108.0K | 1.1K | 200 |
| CORZ | PUT | SWEEP | BULLISH | 11/15/24 | $0.3 | $0.2 | $0.2 | $16.50 | $100.5K | 1.1K | 5.0K |
| CORZ | CALL | SWEEP | BEARISH | 01/15/27 | $10.5 | $9.6 | $9.6 | $10.00 | $99.8K | 1.9K | 104 |
| CORZ | PUT | SWEEP | BULLISH | 01/17/25 | $4.6 | $4.4 | $4.5 | $21.00 | $96.3K | 3 | 215 |
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.
Current Position of Core Scientific
- Currently trading with a volume of 4,079,055, the CORZ's price is up by 0.76%, now at $17.19.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 118 days.
Professional Analyst Ratings for Core Scientific
5 market experts have recently issued ratings for this stock, with a consensus target price of $18.2.
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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 Canaccord Genuity persists with their Buy rating on Core Scientific, maintaining a target price of $17. * Maintaining their stance, an analyst from Compass Point continues to hold a Buy rating for Core Scientific, targeting a price of $20. * Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for Core Scientific, targeting a price of $17. * An analyst from Jefferies downgraded its action to Buy with a price target of $19. * An analyst from Needham persists with their Buy rating on Core Scientific, maintaining a target price of $18.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Core Scientific options trades with real-time alerts from Benzinga Pro.
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