Core Scientific Insights: Whale Activity and Market Trends
Understanding Whale Activity in Core Scientific
Recently, financial giants have been exhibiting a notable bearish trend concerning Core Scientific (CORZ). In our close examination of options trading history, we discovered a total of 18 significant trades.
Breaking down the trading sentiment, our research indicated that 33% of traders are optimistic, while a larger portion, at 61%, points toward a more bearish outlook. Among the trades evaluated, 3 were puts amounting to $396,842, contrasted with 15 calls valued at $799,051.
Price Predictions for Core Scientific
An analysis of volume and open interest in these contracts suggests that major players have targeted a price trajectory for Core Scientific, estimated to range between $8.5 and $20.0 during the past three months.
Volume and Open Interest Exploration
Studying the volume alongside open interest is a valuable method for evaluating the financial health of a stock.
This data offers insights into the liquidity and investor interest surrounding Core Scientific's options within designated strike prices.
To visualize, we can examine how the volume and open interest for both calls and puts have evolved within the price range of $8.5 to $20.0 over the previous 30 days.
Recent Options Trading Analysis
To summarize core insights on Core Scientific’s options trading activity over the last month, we compiled key data that highlights movements and sentiment in a structured format.
Key Options Trades Uncovered:
Here's a summary showcasing the largest options trades observed:
Symbol: CORZ
Put/Call: PUT
Trade Type: SWEEP
Sentiment: BULLISH
Expiration Date: 11/15/24
Ask: $0.75
Bid: $0.65
Price: $0.65
Strike Price: $11.00
Total Trade Price: $195.3K
Open Interest: 3.4K
Volume: 3.0K
Symbol: CORZ
Put/Call: PUT
Trade Type: SWEEP
Sentiment: BULLISH
Expiration Date: 01/16/26
Ask: $3.8
Bid: $3.4
Price: $3.4
Strike Price: $12.00
Total Trade Price: $171.5K
Open Interest: 89
Volume: 501
Symbol: CORZ
Put/Call: CALL
Trade Type: SWEEP
Sentiment: BEARISH
Expiration Date: 01/17/25
Ask: $0.9
Bid: $0.75
Price: $0.75
Strike Price: $17.00
Total Trade Price: $135.0K
Open Interest: 3.1K
Volume: 1.8K
Symbol: CORZ
Put/Call: CALL
Trade Type: SWEEP
Sentiment: NEUTRAL
Expiration Date: 01/17/25
Ask: $3.2
Bid: $3.0
Price: $3.09
Strike Price: $10.00
Total Trade Price: $93.0K
Open Interest: 24.9K
Volume: 27
Symbol: CORZ
Put/Call: CALL
Trade Type: SWEEP
Sentiment: BEARISH
Expiration Date: 10/18/24
Ask: $2.5
Bid: $2.45
Price: $2.5
Strike Price: $10.00
Total Trade Price: $85.0K
Open Interest: 4.8K
Volume: 1.7K
Core Scientific Overview
Core Scientific Inc specializes in Blockchain and AI Infrastructure, Self-Mining of Digital Assets, Premium Hosting, and Blockchain Technology services. The company operates through two primary segments: Equipment Sales and Hosting. The Equipment Sales segment pertains to blockchain infrastructure and third-party hosting, while the Mining segment focuses on digital asset mining.
The blockchain services generate revenue through the sale of contracts based on consumption and through hosting services. Moreover, the digital asset mining segment earns income by utilizing company-owned computers as part of a user pool that processes blockchain transactions in exchange for digital currencies.
A more detailed examination of Core Scientific uncovers insights into its market performance and operational standing.
Current Market Footprint of Core Scientific
- The current trading volume is approximately 3,334,258 with CORZ’s price appreciating by 0.64%, currently standing at $12.57.
- The Relative Strength Index (RSI) suggests that the stock might be nearing an overbought condition.
- An earnings announcement is anticipated in about 50 days.
Analyst Evaluations of Core Scientific
In the preceding month, four analysts have provided their perspectives on this stock, recommending an average target price of $17.25.
Insight on Options Trading:
Options trading presents an elevated risk compared to traditional stock trading; however, it also offers enhanced profit potential. To navigate this risk, dedicated options traders prioritize continuous education, strategic entry and exit from trades, and utilize multiple analytic indicators while closely monitoring the markets.
Stay informed on the latest options trades in Core Scientific by subscribing to real-time alerts which provide timely notifications on market movements.
Frequently Asked Questions
What is the significance of whale activity in trading?
Whale activity often indicates large transactions that can impact stock prices and provide insights into market sentiment.
How do options trades affect stocks like CORZ?
Options trades reflect investor sentiment and can signal potential future movements in stock prices based on the behavior of these trades.
What trading strategies do professionals use when dealing with options?
Professionals typically use risk management strategies, scale their trades, and stay informed about market indicators to make educated decisions.
What does the price target from analysts mean for investors?
Analyst price targets serve as projections for where they believe a stock will be valued in the future; it can guide investors in their buying or selling decisions.
How can I track options trading in real-time?
Real-time tracking can be accomplished through financial news platforms that specialize in options trading alerts and market analytics.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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