An investor paid about $17.05 million for 25,000 CoreWeave call options with a $85 strike price expiring on March 19, 2027. With the stock trading around $62, the position becomes profitable at expiration above $91.82. CoreWeave had lost roughly 25% over the week and 30% month-to-date amid concerns about debt estimated at $50 billion to $52 billion. Goldman Sachs nevertheless upgraded the stock to Buy, citing resilient demand, a $104.2 billion backlog and Nvidia’s support. Converting that backlog into cash flow and controlling spending remain key to reducing debt risk.
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