Analyzing Coherent's Options Trends: Insights for Investors
Insights into Coherent's Options Activity and Market Trends
Lately, larger investors have noticeably taken a bullish stance on Coherent (COHR). It’s important for retail traders to pay attention to these developments, as they offer valuable clues about market sentiment.
This observation comes from our monitoring of trades found in publicly available options history. When we see significant transactions for COHR, it often signals that someone could be anticipating major changes or announcements related to the company.
So, what’s been happening with these investors? Today, our options scanner picked up a total of 9 unusual trades linked to Coherent.
This level of trading activity is somewhat out of the ordinary for this stock. The overall mood among these high-stakes traders leans strongly bullish, with 66% opting to buy, while only 22% show bearish tendencies.
Current Price Targets for Coherent
Looking at the volume and open interest tied to these contracts, it seems that major investors have targeted a price range for Coherent between $67.0 and $95.0 over the last three months.
Trends in Volume and Open Interest
As of today, Coherent has an average open interest close to 832.83, and the total trading volume is around 4,353.00. A closer look at the metrics reveals trends in call and put option volumes, particularly for substantial trades within the strike price range of $67.0 to $95.0 over the past month.
Coherent's Options Activity This Past Month
Diving into specific trades for Coherent, several key activities stand out:
Highlighted Options Activity:
The table below highlights some of the most prominent options trades we’ve observed:
Symbol: COHR
Traders are engaging in PUT and CALL options:
- Trade Type: BULLISH / Bearish
- Expiration Dates: Various dates ranging from October 2024 to February 2025
- Total Trade Amounts: Noteworthy figures around $635,755 for puts and $66,961 for calls
Overview of Coherent
Coherent Corp is known for its work in materials, networking, and lasers. As a vertically integrated manufacturer, it designs, fabricates, and markets engineered materials, optoelectronic components, and lasers for sectors such as industrial, communications, and instrumentation. The company operates across three primary segments: Networking, Materials, and Lasers, with the bulk of its revenue coming from the Networking segment. Coherent's reach extends across various regions, including North America, Europe, China, Japan, and beyond.
Now that we’ve analyzed the options trading patterns for Coherent, let’s shift our attention to the current state of the company in the market.
Coherent’s Current Business Metrics
- The stock shows a trading volume of 2,377,195 shares, with COHR rising by 6.76% to a current price of $75.65.
- RSI indicators suggest that the stock could soon be in overbought territory.
- The next earnings report is expected in about 54 days.
Analyst Opinions on Coherent
In the last month, five analysts provided ratings, averaging a price target of $75.4 for the stock.
- An analyst at Needham recommends a Buy rating for Coherent with a target price of $84.
- An analyst with B. Riley Securities also maintains a Buy rating, setting a target price of $86.
- In contrast, a review from Morgan Stanley holds an Equal-Weight rating, with a target set at $72.
- Northland Capital Markets shares a Market Perform outlook, suggesting a more conservative target price of $50.
- Finally, an analyst from Stifel stands by a Buy rating, proposing a target price of $85.
Engaging in options trading can come with its share of risks, yet it also offers potential for significant rewards. Savvy traders can navigate these risks through education, strategic trade adjustments, careful forecasting, and maintaining a sharp awareness of market changes. For those interested in real-time updates about Coherent, you’re encouraged to subscribe to alert services.
Frequently Asked Questions
What is Coherent's stock symbol?
Coherent's stock symbol is COHR.
What recent trends have been observed in Coherent's options?
The recent trends show a bullish sentiment among major investors, with 66% preferring bullish options.
What are the current price targets for Coherent?
Current price targets range from $67.0 to $95.0, based on recent trading patterns.
How much trading volume is Coherent seeing?
Coherent has a trading volume of about 2,377,195 shares.
What are analysts saying about Coherent?
Analysts hold varied ratings with price targets ranging from $50 to $86, reflecting a combination of confidence and caution in the stock's outlook.
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