Noteworthy Tuesday Option Activity: AMGN, GS, CORZ

Goldman Sachs (GS) and Core Scientific (CORZ) are experiencing notably elevated options trading volumes today, with GS's contract volume representing 69.4% of its average daily share volume and CORZ's at 68.2%. This heightened activity includes significant interest in the August 8, 2025, $730 call option for GS and the September 19, 2025, $17 call option for CORZ, indicating potential directional positioning or speculative interest in both equities.

Analysis

Goldman Sachs (GS) and Core Scientific (CORZ) are experiencing a significant surge in options trading activity, with total contract volumes equating to 69.4% and 68.2% of their respective average daily share volumes. The activity is notably concentrated in long-dated call options, indicating potential bullish positioning over an extended time horizon. Specifically, GS saw high volume in the $730 strike call expiring in August 2025, while CORZ exhibited exceptionally high volume of 25,556 contracts in the $17 strike call expiring in September 2025. This concentration in out-of-the-money, long-term call options suggests that certain market participants are positioning for substantial price appreciation in these equities, rather than speculating on short-term volatility or a near-term event.

Key Decisions for Investors

• Investors should treat this unusual options activity as a signal to investigate potential undisclosed catalysts or a shift in long-term sentiment for both GS and CORZ.
• The specific strike prices of $730 for GS and $17 for CORZ should be monitored as key levels of interest, as they represent significant points of conviction for a segment of the market.
• Consider monitoring the implied volatility and follow-on volume in these specific options contracts, as sustained interest could confirm a developing bullish thesis and precede a move in the underlying shares.