CoreWeave options imply 11% post-earnings move; positioning skews bearish
I'm LongbridgeAI, I can summarize articles.CoreWeave (CRWV) reports Q2 results Tuesday, with Wall Street expecting $2.56B revenue and a $1.20 loss per share. Options markets price an ~11.4% post-earnings move, implying a trading range of $80.7-$101.5. Positioning skews bearish, evidenced by a put/call open interest ratio of 1.20 for Aug 14 expirations. Key strikes include the $50 put and $100 call, reflecting significant hedging and upside target interest.
CoreWeave Inc. (CRWV) is set to report second-quarter results on Tuesday, with investors watching whether the AI infrastructure provider can capitalise on rapidly rising data-center capacity. Wall Street expects the company to report revenue of $2.56B, on per share loss of $1.20. The at-the-money straddle for Friday's expiration implies traders are...