Mixed options sentiment in Core Scientific, Inc (CORZ), with shares up 16c, or 0.98%, near $15.99. Options volume roughly in line with average with 134k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.52. Implied volatility (IV30) dropped 2.13 near 86.33,and below the 52wk median, suggesting an expected daily move of $0.87. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Needham.
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Read More on CORZ:
- Core Scientific secures up to $1B in financing with Morgan Stanley
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- Trump Trade: U.S. crypto bill hits impasse, Trump meets with Coinbase CEO
- U.S. crypto bill hits impasse, banks won’t back compromise, Reuters reports
- Core Scientific price target raised to $20 from $17 at Canaccord
