Core Scientific Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bearish move on Core Scientific. Our analysis of options history for Core Scientific CORZ revealed 35 unusual trades.

Delving into the details, we found 28% of traders were bullish, while 65% showed bearish tendencies. Out of all the trades we spotted, 21 were puts, with a value of $2,102,945, and 14 were calls, valued at $723,663.

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 $4.5 to $17.0 for Core Scientific during the past quarter.

Volume & Open Interest Trends

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 $4.5 to $17.0 in the last 30 days.

Core Scientific Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Core Scientific

Core Scientific Inc is engaged in designing, building and operating digital infrastructure for high-performance computing. The business operates in three operating segments; Digital Asset Self-Mining, consisting of performing digital asset mining for the own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and HPC Hosting, consisting of providing hosting services to third parties for graphics processing unit (GPU) based HPC hosting operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment.

In light of the recent options history for Core Scientific, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Core Scientific

• Trading volume stands at 15,219,378, with CORZ's price down by -9.87%, positioned at $7.8.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 42 days.

Professional Analyst Ratings for Core Scientific

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $18.4.

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. * An analyst from Canaccord Genuity has decided to maintain their Buy rating on Core Scientific, which currently sits at a price target of $17. * Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Overweight rating on Core Scientific with a target price of $21. * Reflecting concerns, an analyst from HC Wainwright & Co. lowers its rating to Buy with a new price target of $17. * An analyst from HC Wainwright & Co. has revised its rating downward to Buy, adjusting the price target to $17. * An analyst from Compass Point persists with their Buy rating on Core Scientific, maintaining a target price of $20.

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.