OPTIONS FLOW$CRWVCoreWeave, Inc.Open ticker analysis →
CoreWeave options lit up on Friday when a $1.46M large options trade crossed in the Oct 30 $78 puts. The contracts changed hands on the sell side, on a strike 4.8% below the stock.
What happened
The trade printed in the final half hour, around 3:55 p.m. ET on Friday, October 9, with $CRWV trading near $81.98. 4,883 contracts went through at $3.00 apiece, or $300 per contract, for $1.46M in total premium.
It went through as one large print rather than being worked in small pieces.
There were already 5,191 contracts open at this strike, so the trade could be adding to a position or unwinding one. The next open-interest update will settle which.
Why it matters
Selling puts gets paid if $CRWV holds up. The seller keeps the premium as long as the stock finishes above about $75.00 by Oct 30; below that, they are effectively signed up to own it at $78. That leans bullish to neutral on CoreWeave.
Adjusted for delta, the position behaves like roughly 162,000 shares of CRWV, or about $13.28M of stock exposure in a company valued near $45B.
With 20 days until Oct 30, the trade has a few weeks to be right, enough room for a catalyst but not much for waiting. Implied volatility ran around 64%, elevated, which means traders are paying up for movement.
The numbers
| Contract | CRWV Oct 30 $78 Put |
|---|---|
| Expiration | Oct 30, 2026 (20 days) |
| Execution | Large Options Trade |
| Side | Sell side (at or near the bid) |
| Contracts | 4,883 |
| Price | $3.00 ($300 per contract) |
| Total premium | $1.46M |
| Stock at the trade | $81.98 |
| Strike vs. stock | 4.8% out of the money |
| Breakeven at expiration | $75.00 |
| Delta | 0.33 |
| Implied volatility | 64% |
| Open interest before | 5,191 |
Three ways this could play out
Bullish continuation
If $CRWV pushes through $86.07, the move works for this seller and the flow starts to look like early conviction rather than noise.
Bearish rejection
If $CRWV slips under $77.88, the pressure lands on this seller, and $75.00 becomes the level that decides whether the trade is saved.
Neutral stabilization
If $CRWV chops between $77.88 and $86.07 into Oct 30, time decay does the work. That quietly pays this seller.
What to watch next
- $75.00: breakeven for this trade at expiration.
- $78 strike: whether $CRWV moves toward it or away from it.
- Open interest at the $78 put in the next session. A jump confirms a new position; a drop points to a close.
- Repeat flow in the Oct 30 expiration. More size at nearby strikes would show this was not a one-off.
- October 30, 2026: expiration, 20 days out.
