Solstice and Core Scientific See Active Options Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: NASDAQ.COM
- Solstice Options Volume: Solstice Advanced Materials Inc (Ticker: SOLS) saw options trading volume of 18,645 contracts today, representing approximately 1.9 million shares, which is about 79.3% of its average daily trading volume of 2.4 million shares over the past month, indicating heightened market interest in its future performance.
- High Volume Contracts: The $65 strike put option for SOLS was particularly active, with 15,892 contracts traded today, equating to approximately 1.6 million shares, reflecting investor expectations regarding potential downside risks for the stock.
- Core Scientific Options Activity: Concurrently, Core Scientific Inc (Ticker: CORZ) recorded options trading volume of 113,081 contracts, representing about 11.3 million shares, which accounts for 68.8% of its average daily trading volume of 16.4 million shares over the past month, showcasing strong market interest in its stock.
- Key Contract Insights: Among CORZ options, the $40 strike call option saw a trading volume of 25,119 contracts, approximately 2.5 million shares, indicating investor confidence in the stock's potential upside, which may influence its short-term price movements.
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Analyst Views on CRDO
Wall Street analysts forecast CRDO stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 214.600
Low
170.00
Averages
221.82
High
260.00
Current: 214.600
Low
170.00
Averages
221.82
High
260.00
About CRDO
Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Solstice Options Volume: Solstice Advanced Materials Inc (Ticker: SOLS) saw options trading volume of 18,645 contracts today, representing approximately 1.9 million shares, which is about 79.3% of its average daily trading volume of 2.4 million shares over the past month, indicating heightened market interest in its future performance.
- High Volume Contracts: The $65 strike put option for SOLS was particularly active, with 15,892 contracts traded today, equating to approximately 1.6 million shares, reflecting investor expectations regarding potential downside risks for the stock.
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- Nvidia's Decline: Nvidia's stock fell, likely due to market concerns about its future performance, especially in the context of increasing competition, which could affect its market share and investor confidence.
- Market Sentiment Shifts: Overall market sentiment fluctuated due to international political dynamics, prompting investors to monitor the progress of negotiations in the coming days to assess potential impacts on the stock market.
See More
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- Solstice Options Volume: Solstice Advanced Materials Inc (Ticker: SOLS) saw options trading volume of 18,645 contracts today, representing approximately 1.9 million shares, which is about 79.3% of its average daily trading volume of 2.4 million shares over the past month, indicating heightened market interest in its future performance.
- High Volume Contracts: The $65 strike put option for SOLS was particularly active, with 15,892 contracts traded today, equating to approximately 1.6 million shares, reflecting investor expectations regarding potential downside risks for the stock.
- Core Scientific Options Activity: Concurrently, Core Scientific Inc (Ticker: CORZ) recorded options trading volume of 113,081 contracts, representing about 11.3 million shares, which accounts for 68.8% of its average daily trading volume of 16.4 million shares over the past month, showcasing strong market interest in its stock.
- Key Contract Insights: Among CORZ options, the $40 strike call option saw a trading volume of 25,119 contracts, approximately 2.5 million shares, indicating investor confidence in the stock's potential upside, which may influence its short-term price movements.
See More
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- USA Rare Earth Investment Plan: USA Rare Earth shares gained close to 5% following the announcement of a $1.2 billion investment to build a magnet manufacturing and refined metals facility in South Carolina, which is expected to enhance the company's competitiveness and market share in the rare earth sector.
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- Shake Shack Earnings Outlook Cut: Shake Shack's stock fell 10% after it lowered its full-year earnings outlook and second-quarter revenue guidance, citing the impact of current macroeconomic uncertainty and competitive landscape on its performance.
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- Optical Product Contribution: Management noted that approximately half of the revenue growth in FY2027 will come from the optical portfolio, with the other half from the existing copper portfolio, particularly AECs, highlighting the effectiveness of the company's strategic focus on optical technologies.
- Analyst Optimism: Needham raised its FY2027 revenue estimate from $2.35 billion to $2.45 billion and reiterated its Buy rating, increasing the price target from $220 to $275, reflecting strong market confidence in Credo's future growth trajectory.
- Operating Expense Growth: Although operating expenses are expected to grow approximately 50% year-over-year, this increase is below the revenue growth rate, with management projecting a net margin of around 50%, demonstrating the company's effectiveness in cost control.
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