Behind the Scenes of Core Scientific's Latest Options Trends

Financial giants have made a conspicuous bullish move on Core Scientific. Our analysis of options history for Core Scientific CORZ revealed 15 unusual trades.

Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $307,789, and 10 were calls, valued at $515,795.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.5 to $11.0 for Core Scientific over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $2.5 to $11.0 in the last 30 days.

Core Scientific 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CORZ PUT SWEEP BULLISH 07/19/24 $0.3 $0.2 $0.2 $6.00 $100.0K 5.3K 10.1K
CORZ PUT SWEEP BULLISH 07/19/24 $0.3 $0.2 $0.2 $6.00 $97.6K 5.3K 5.1K
CORZ CALL SWEEP BEARISH 09/20/24 $1.5 $1.4 $1.45 $6.00 $93.5K 2.6K 669
CORZ CALL SWEEP BULLISH 09/20/24 $1.0 $0.95 $1.0 $7.50 $86.3K 5.8K 2.1K
CORZ CALL TRADE BULLISH 09/20/24 $0.9 $0.6 $0.8 $7.50 $64.8K 5.8K 17

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.

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.

Current Position of Core Scientific

  • Currently trading with a volume of 13,214,223, the CORZ's price is up by 4.47%, now at $7.13.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 69 days.

What Analysts Are Saying About Core Scientific

In the last month, 1 experts released ratings on this stock with an average target price of $8.0.

  • In a positive move, an analyst from BTIG has upgraded their rating to Buy and adjusted the price target to $8.

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.

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CORZCore Scientific Inc
$11.88-0.17%

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