Investors with a lot of money to spend have taken a bullish stance on Coherent COHR.
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 COHR, 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 8 uncommon options trades for Coherent.
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, 2 are puts, for a total amount of $117,564, and 6 are calls, for a total amount of $543,407.
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 $90.0 to $110.0 for Coherent during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coherent's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coherent's substantial trades, within a strike price spectrum from $90.0 to $110.0 over the preceding 30 days.
Coherent Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
COHR | CALL | TRADE | NEUTRAL | 01/17/25 | $2.9 | $2.65 | $2.78 | $108.00 | $147.6K | 1 | 1.0K |
COHR | CALL | SWEEP | BULLISH | 02/21/25 | $12.5 | $12.3 | $12.4 | $100.00 | $124.0K | 895 | 205 |
COHR | CALL | SWEEP | BULLISH | 02/21/25 | $12.5 | $12.2 | $12.3 | $100.00 | $123.0K | 895 | 103 |
COHR | PUT | SWEEP | BEARISH | 01/17/25 | $0.55 | $0.45 | $0.5 | $90.00 | $78.4K | 2.1K | 2.0K |
COHR | CALL | TRADE | BULLISH | 01/16/26 | $25.8 | $24.0 | $25.4 | $105.00 | $63.5K | 12 | 25 |
About Coherent
Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
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 1,586,469, the COHR's price is up by 4.82%, now at $105.44.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 31 days.
What The Experts Say On Coherent
1 market experts have recently issued ratings for this stock, with a consensus target price of $120.0.
Turn $1000 into $1270 in just 20 days?
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 Morgan Stanley continues to hold a Equal-Weight rating for Coherent, targeting a price of $120.
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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