Insiders Know Something: Mass Selloff in This Stock Could Unravel in Minutes

Whales have been making major bets on Core Scientific (NASDAQ:CORZ), and these large investors aren't messing around. Benzinga recently discovered 13 separate options trades with serious capital backing them. It's uncommon for this many significant trades to hit the market at the same time, and something's likely brewing with CORZ.

But are these whales right? Are they seeing something the rest of us are missing? A mix of institutions and high-rolling traders drove these transactions. Unfortunately, we don't know exactly who, but sometimes this level of spending can indicate information these major players may have access to that hasn't been made public yet.

Breaking down the numbers, we saw that this group of investments leaned slightly bearish. Specifically, 38% came in as bullish options, while the rest of these bets came in distinctly bearish. The overall amount of money involved here isn't small potatoes, though. We noted that one significant put came in at $120,400. The remainder, a combination of 12 long calls, summed up to more than $1,014,000. The sheer scale of these trades means CORZ could be primed for significant shifts.

But when exactly can we expect this supposed large swing to come into play? Analyzing the overall trading volume and open interest on these contracts could offer some clues. Based on this, the smart money seems to be banking on the $5.00-$10.50 price range over the last quarter. When looking deeper into said volume and open interest, we see the high-rollers appear to think CORE Scientific's direction might depend heavily on those markers.