Core Scientific Options Trading Shows Bullish Momentum

Core Scientific sees bullish moves in options trading as analysts maintain a price target of $20.0, sparking investor interest and potential price effects. Call options dominate recent trades, while the underlying stock shows a positive uptick of 4.66%.

Date: 26-02-2025

AI Rating: 7

Market Sentiment and Price Predictions

Core Scientific has witnessed an increase in bullish sentiment with 46% of traders being optimistic while 42% remain bearish. The trading dynamics show significantly more interest in call options ($1,827,055) compared to put options ($206,525), which could suggest expectations for price appreciation.

Analyzing the current trading activity, the major market movers are focusing on a price range between $7.0 and $20.0, reflecting a fair degree of optimism for future price movement. The options activities indicate a speculative interest that might lead to increased volatility and potential changes in share price.

Stock Performance Overview

Currently, Core Scientific's stock price is up 4.66% and stands at $10.21. The company's RSI indicators suggest that its current position is neutral, indicating a balanced state without clear overbought or oversold conditions. This could point to the potential for price adjustments based on forthcoming earnings announcements, expected imminently.

Furthermore, analysts have recently issued a rating that maintains a Buy stance and has set a target price of $20.0. This positive outlook aligns with the observed bullish behavior in options trading, reinforcing the expectation that Core Scientific may experience favorable movements in its stock price based on these assessments.

Stocks: CORZ