Core Scientific's Options Frenzy: What You Need to Know

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 14 trades.

If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 28% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $201,500 and 12, calls, for a total amount of $1,064,776.

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 $6.0 to $22.0 for Core Scientific over the last 3 months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Core Scientific's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Core Scientific's substantial trades, within a strike price spectrum from $6.0 to $22.0 over the preceding 30 days.

Core Scientific 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Present Market Standing of Core Scientific

• Trading volume stands at 3,607,522, with CORZ's price down by -0.26%, positioned at $17.5.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 109 days.

Expert Opinions on Core Scientific

5 market experts have recently issued ratings for this stock, with a consensus target price of $18.0.

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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. * Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Core Scientific, targeting a price of $18. * In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $19. * Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Core Scientific with a target price of $17. * 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 BTIG has decided to maintain their Buy rating on Core Scientific, which currently sits at a price target of $19.

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 Core Scientific, Benzinga Pro gives you real-time options trades alerts.