the article talks about a company called Core Scientific. Some big money investors think the company's stock will do well, so they bought a lot of options, which are like special tickets that give you the right to buy or sell the company's stock at a specific price. These investors think they will make a good amount of money if the stock goes up. The article also talks about what other experts are saying about the company's stock. Read from source...
In the article titled `Core Scientific' Options: A Look at What the Big Money is Thinking`, the author showcases a bullish stance on Core Scientific CORZ by big-money investors without specifying if these are institutions or wealthy individuals. The author, however, lacks concrete evidence to back this claim. Additionally, the overall sentiment of these traders is found to be split between bullish and bearish, which may lead to mixed signals and confuse readers. Furthermore, the article mentions that retail traders should know what these investors did without explaining how the retail traders can gain insights from the article. The author also fails to provide a clear explanation of the options trades mentioned in the article, which may create confusion for readers who are unfamiliar with options trading. Moreover, the author does not present a balanced analysis, as only 5 market experts' opinions are included, with a consensus target price of $16.0, which may influence readers to think that this is the right time to invest in Core Scientific. Lastly, the author does not consider the risks associated with options trading, which could potentially harm retail traders who may not be familiar with this type of trading.
Neutral. The sentiment within the article isn't predominantly positive or negative, leaning towards a balanced view on Core Scientific's options. Various opinions and market expert's predictions are included to provide a comprehensive analysis. Therefore, the overall sentiment can be categorized as neutral.
Core Scientific (CORZ) is gaining bullish attention from big-money investors. The overall sentiment of these investors is split between 55% bullish and 33% bearish. After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.0 and $22.0 for Core Scientific, spanning the last three months. In today's trading context, the average open interest for options of Core Scientific stands at 5349.29, with a total volume reaching 17,117.00. Out of all the special options we uncovered, 4 are puts, for a total amount of $510,695, and 5 are calls, for a total amount of $247,354. The anticipated earnings release for Core Scientific is in 0 days. RSI readings suggest the stock is currently approaching overbought. 5 market experts have recently issued ratings for this stock, with a consensus target price of $16.0.
Core Scientific 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.
Currently trading with a volume of 6,325,873, the CORZ's price is up by 0.93%, now at $9.8. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Core Scientific, situated within the strike price corridor from $7.0 to $22.0, throughout the last 30 days. The anticipated earnings release for Core Scientific is in 0 days.