Deep-pocketed investors have adopted a bearish approach towards Coherent (NYSE:COHR), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COHR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for Coherent. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 14% leaning bullish and 57% bearish. Among these notable options, 2 are puts, totaling $118,345, and 19 are calls, amounting to $1,263,668.
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 $25.0 to $200.0 for Coherent during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Coherent options trades today is 469.23 with a total volume of 2,675.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coherent's big money trades within a strike price range of $25.0 to $200.0 over the last 30 days.
Coherent 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COHR | CALL | TRADE | NEUTRAL | 01/16/26 | $81.8 | $78.9 | $80.36 | $100.00 | $160.7K | 734 | 20 |
| COHR | CALL | TRADE | NEUTRAL | 01/16/26 | $62.2 | $59.3 | $60.96 | $115.00 | $152.4K | 581 | 45 |
| COHR | CALL | SWEEP | BEARISH | 01/16/26 | $31.9 | $30.5 | $30.5 | $150.00 | $137.2K | 696 | 131 |
| COHR | CALL | TRADE | BEARISH | 01/16/26 | $65.0 | $62.0 | $62.73 | $115.00 | $125.4K | 581 | 0 |
| COHR | PUT | SWEEP | BEARISH | 12/19/25 | $1.9 | $1.2 | $1.82 | $165.00 | $93.2K | 952 | 520 |
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.
In light of the recent options history for Coherent, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Coherent's Current Market Status
- Trading volume stands at 1,163,152, with COHR's price up by 0.31%, positioned at $179.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 50 days.
Professional Analyst Ratings for Coherent
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $215.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Coherent, targeting a price of $215.
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 Coherent with Benzinga Pro for real-time alerts.
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