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Barchart
Barchart
Mark R. Hake, CFA

Core Scientific Shows Huge, Unusual Put Option Activity - Is CORZ Undervalued?

CORZ Core Scientific Yahoo Finance

A large volume of out-of-the-money (OTM) put options on Core Scientific Inc. (CORZ) suggests investors may be bullish following the data center's May 6 Q1 earnings release. These puts yield 20%+ over 6 months in a 12.5% OTM short-put play.

CORZ is trading at $28.61 in midday trading today, up 1.9%, after rising +28% from $22.36 on May 7, the day after its earnings results.

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