Verified Investing on $COHR (Nov 2, 2026)

today what I'm going to look at before we delve into "Delta" is a setup on Coherent, COHR, a semiconductor stock . Have you ever traded it before, Luton? I have written articles about him.

I don't know if you traded it. There are so many stocks that I don't even remember them.

Okay, guys. I'm looking at "Coherent" today, okay? Why is that? Because they announce their reports later or tomorrow before Tuesday. Now, regarding the recent price movement , they have seen a sharp decline and are experiencing some sideways consolidation.

This price movement here, guys, is, to me, a downward price movement . Even so, a sharp drop with sideways consolidation could be the formation of a bearish flag pattern , which also continues to give an idea of the price trending downwards.

Now, is this the right time to buy "Cool" or " Boot"? I'm going to look at buying a "bot" here because, as I mentioned, the price looks like it's going to break down.

However, I want you to look at this white trend line here, okay? Now, this white trend line is from April 4, 2025, and as you can see, as the price approaches this level, it finds buyers and support.

The price dropped to this level here in early November of last year and bounced back , and since then we haven't returned to it for over a year for this trend line. However , looking at recent price action, we have touched this trend line four times during the past week.

So, with so many touches and the price continuing to fall, I think this trend line will break, okay?

Now, with this in mind, are we looking to buy a put option or a call option based on this setup? I want to wait a bit. I want to wait for confirmation of this matter. The price might bounce back from this trend line upwards if Coherent announces good earnings results, okay?

Now, where is the area where I am trying to buy? Okay, firstly, I'm trying to combine multiple factors , okay? This is a trade that depends on only one factor, which is the price stabilizing on the trend line, but we don't have confirmation of the breakout yet, okay?

Now, with that, we can be patient and look at this dark blue line here. There is a pivot level here at 185. Now, if the price drops and breaks this trend line, I am confident that the price will drop to the 185 level and find support.

Personally, I am a patient trader and prefer to get cheaper prices, especially before I buy anything.

So, however, if we wait for the pivot zone 185, we also have the Fibonacci level 618. If you want to do this with me, you can install the tool here at the April 4 low. Once it is installed, we will pull it upwards and lock it at the peak level of 441.28.

This will give us a range of levels in between. However, if we now look at this price action, we find the 618 level here in the range of 195 to 185. So, in that area, I am looking to buy Coherent at this cheaper price in this multi-factor support zone.

So , for now, I'll need to see the chain settings, and whether we can find a financial center, or if we have to wait and see until the earnings results are released.

Since the underlying asset is a Coherent stock, okay? If my delta is at 0.5 and the stock moves, Coherent will add about 50 cents to my contract, okay? If my delta for "Coherent" is at 0.2 and the stock moves, I will add approximately 20 cents to my contract.

Yes. But it's directly proportional. Approximately one dollar. So, if the delta is one and the " Coherent" rises by a dollar, then one dollar will be added to my contract .

Okay, I'm going to jump into the series now to take a look at Coherus. She has appeared. However, we are already looking at the 185 to 195 level. Um, just to look at this, the implied volatility is at the 54 percent slide.

So, we are halfway there at the moment, but it will continue to increase as we approach their report tomorrow. So , however, we are also witnessing a kind of split in direction.

The open interest for the put and call option is at 1.60. Therefore, this is a bearish reading indicating that there are more sell options than buy options. But when we read about open interest, that's old news.

This depends somewhat on Friday's closing. Now, today only, there is a larger trading volume coming. So, trading volume means new money, and there are more buy options than put options coming in today.

So, since last Friday, we've had some bearish sentiment, but today we're getting more bullish sentiment. Therefore, other traders may see Coherus on this trend line and believe that it bounced from here and is heading upwards .

So, however, we still do not have an expensive environment and trends are clashing with each other. And when we come to the graph as well, we are still only at one factor at that level.

I'm really looking forward to the price dropping to the 185-195 level and then the earnings per share will stabilize , so there will be a breakdown in implied volatility and these premiums will become cheaper to enter as a buyer.

So, this is the essence of the plan for today. We will wait until Coherus announces its results after the closing bell. Once they get there, we can revisit the chart to determine whether to enter a buy or sell option on that trend line.

We chose not to trade Coherent stock today because they are announcing their earnings tomorrow. Stock options are priced based on the report, and the risk premium drops sharply after earnings, so we'll wait.

But after the earnings results are released , we can revisit the chart and the options series to see a better position.