Understanding Core Scientific's Bullish Options Activity
Core Scientific's Bullish Options Activity Explained
Recently, large investors have shown a markedly optimistic outlook on Core Scientific, evidenced by their trading patterns. This trend reflects growing confidence in the company's future prospects.
When analyzing the options history for Core Scientific (CORZ), we observed a total of 14 significant trades. The breakdown reveals that 64% of these investors entered into trades with bullish expectations, while 28% were bearish. This indicates a strong inclination toward growth among the majority of traders.
Price Targets Derived from Options Activity
The volume and open interest associated with these options trades suggest that investors are setting their sights on a price range for Core Scientific between $6.00 and $22.00 within the last three months. Understanding where these targets lie can be instrumental for traders looking to align their strategies.
Analyzing Volume and Open Interest
Evaluating volume and open interest is crucial for understanding market dynamics. These metrics provide insight into the liquidity and investor interest surrounding Core Scientific's options at specific strike prices. Data from the last 30 days illustrates the variations in volume and open interest related to both call and put options, specifically targeting the range from $6.00 to $22.00.
Snapshot of Core Scientific's Options Activity
The table below summarizes the most significant options trades observed for Core Scientific:
| Symbol | PUT/CALL | Trade Type | Sentiment | Expiration Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CORZ | PUT | SWEEP | Bearish | 12/27/24 | $0.55 | $0.35 | $0.35 | $14.50 | $175.5K | 10 | 2.3K |
| CORZ | CALL | TRADE | Neutral | 11/29/24 | $0.35 | $0.25 | $0.30 | $18.50 | $149.8K | 148 | 5.0K |
| CORZ | CALL | SWEEP | Bullish | 12/20/24 | $3.50 | $3.40 | $3.40 | $14.00 | $139.7K | 26.0K | 2.0K |
| CORZ | CALL | TRADE | Bearish | 12/20/24 | $3.50 | $3.40 | $3.40 | $14.00 | $129.8K | 26.0K | 915 |
| CORZ | CALL | SWEEP | Bullish | 03/21/25 | $2.35 | $2.20 | $2.35 | $20.00 | $116.7K | 11.6K | 528 |
Core Scientific Overview
Core Scientific Inc specializes in blockchain and AI infrastructure along with digital asset mining and hosting services. Their operations are divided into two primary segments: Equipment Sales and Hosting, alongside a dedicated mining segment. Revenue sources include contracts based on consumption and transaction processing fees associated with mining cryptocurrency, providing a diverse revenue stream.
Current Market Position of Core Scientific
- Recently, trading volume recorded at 3,607,522 with shares priced at $17.50, reflecting a slight decrease of -0.26%.
- Technical indicators suggest that the stock may be nearing an overbought condition.
- The upcoming earnings announcement is anticipated in approximately 109 days.
Market Analyst Perspectives
Recently, five analysts have assessed Core Scientific, leading to a consensus target price around $18.00. Market professionals maintain rigorous evaluations to guide their recommendations.
- Needham analysts have consistently retained a Buy rating, projecting Core Scientific’s price to reach $18.
- Jefferies recently adjusted its rating to Buy with an increased target price of $19.
- B. Riley Securities holds a Buy rating with a target of $17.
- Canaccord Genuity also continues with a Buy rating, aligning their target at $17.
- BTIG has reaffirmed a Buy rating, forecasting a price target of $19.
Options trading, while riskier than stock trading, offers significant upside potential. Savvy traders mitigate risks through continuous education, diversified strategies, and diligent market monitoring.
Frequently Asked Questions
What is Core Scientific's recent options activity?
Core Scientific has seen a significant bullish trend in options trading, reflecting investor confidence in the company.
What price target do analysts have for Core Scientific?
The consensus target price among analysts is around $18.00, with some suggesting prices as high as $19.00.
What segments does Core Scientific operate in?
Core Scientific operates in blockchain infrastructure, digital asset mining, and hosting services.
How are options volume and open interest measured?
Options volume indicates the number of contracts traded, while open interest reflects the total number of outstanding contracts.
Why are options considered riskier than stocks?
Options can rapidly change in value and can lead to total loss of premium paid, making them riskier compared to holding stocks.
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