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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $84,000 and 7, calls, for a total amount of $316,580.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3.0 to $16.0 for Core Scientific during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Core Scientific stands at 7176.29, with a total volume reaching 1,220.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Core Scientific, situated within the strike price corridor from $3.0 to $16.0, throughout the last 30 days.
Core Scientific Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CORZ | CALL | SWEEP | BULLISH | 09/20/24 | $0.4 | $0.3 | $0.4 | $16.00 | $66.1K | 4.3K | 19 |
| CORZ | CALL | SWEEP | BULLISH | 01/17/25 | $1.7 | $1.65 | $1.7 | $11.00 | $49.9K | 639 | 603 |
| CORZ | CALL | SWEEP | BULLISH | 01/17/25 | $1.65 | $1.55 | $1.65 | $11.00 | $49.5K | 639 | 301 |
| CORZ | CALL | SWEEP | BULLISH | 01/17/25 | $1.65 | $1.5 | $1.65 | $11.00 | $49.5K | 639 | 1 |
| CORZ | PUT | SWEEP | BEARISH | 01/17/25 | $0.45 | $0.4 | $0.45 | $5.00 | $45.0K | 7.0K | 0 |
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.
Following our analysis of the options activities associated with Core Scientific, we pivot to a closer look at the company's own performance.
Current Position of Core Scientific
- Trading volume stands at 4,492,923, with CORZ's price down by -2.2%, positioned at $8.89.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 53 days.
Professional Analyst Ratings for Core Scientific
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $9.0.
- An analyst from BTIG has elevated its stance to Buy, setting a new price target at $8.
- Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on Core Scientific with a target price of $10.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Core Scientific with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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