Financial moguls have made a bold move on Core Scientific, initiating an unusual surge in options trading. The analysis of Core Scientific’s options history uncovered 44 atypical trades.
Delving deeper into the data, it becomes evident that 52% of traders are optimistic, while 38% lean towards a bearish outlook. Among these trades, 8 were puts valued at $453,517, and 36 were calls valued at $1,850,139.
Projections for Price Movements
After scrutinizing the trading volumes and Open Interest, it is clear that significant market players are honing in on a price range between $5.0 and $13.0 for Core Scientific over the past three months.
Analysis of Volume and Open Interest
Analyzing the volume and open interest provides invaluable insight when trading options. This data assists in monitoring liquidity and interest in Core Scientific’s options for specific strike prices. The evolution of the volume and open interest of calls and puts within the $5.0 to $13.0 strike price range over the last 30 days is crucial for understanding market trends.
Overview of Core Scientific’s Call and Put Volumes in the Past 30 Days
Significant Options Transactions:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CORZ | CALL | SWEEP | BEARISH | 12/19/25 | $3.5 | $3.4 | $3.4 | $7.00 | $234.9K | 562 | 3.0K |
| CORZ | PUT | TRADE | BULLISH | 08/16/24 | $2.45 | $1.4 | $1.43 | $10.00 | $142.7K | 7.5K | 3.3K |
| CORZ | CALL | SWEEP | BULLISH | 11/15/24 | $1.3 | $1.2 | $1.3 | $9.00 | $130.0K | 43 | 1.4K |
| CORZ | CALL | SWEEP | BULLISH | 08/16/24 | $0.65 | $0.6 | $0.65 | $8.00 | $97.6K | 419 | 1.5K |
| CORZ | CALL | SWEEP | BULLISH | 01/17/25 | $0.95 | $0.85 | $0.95 | $12.00 | $95.0K | 3.2K | 3.0K |
About Core Scientific
Core Scientific Inc. specializes in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence. The company operates in two main segments: Equipment Sales and Hosting, encompassing blockchain infrastructure, third-party hosting, and equipment sales, as well as a Mining segment dedicated to digital asset mining. Revenue sources include the sale of consumption-based contracts, providing hosting services, and earning from digital asset mining operations.
Transitioning from options analysis to a deeper examination of Core Scientific’s performance, we aim to provide a comprehensive overview.
Current Market Status of Core Scientific
- With a trading volume of 34,599,792, CORZ is currently priced at $8.44, reflecting a 10.93% decrease.
- RSI indicators suggest that the underlying stock might be approaching oversold territory.
- The next earnings report is anticipated in 92 days.
Expert Insights on Core Scientific
Three industry analysts have weighed in on the stock in the past month, offering an average target price of $17.67. Among them, B. Riley Securities upgraded their rating to Buy with a revised target of $13, while Cantor Fitzgerald adjusted its rating to Overweight with a new target of $20.
Trading options presents inherent risks alongside the potential for increased profits. Astute traders manage these risks through continuous learning, strategic adjustments, utilization of diverse indicators, and staying abreast of market dynamics. Stay informed about the latest options trades for Core Scientific with real-time alerts from Benzinga Pro.