COHR Earnings Preview Options market leaning bearish on earnings/missing expectations COHR saw a significant amount of short positions being opened, with the last 30 minutes showing increased activity in bearish options trades. Expected move: 8.92% (+/- $31.57) Based on options orders, COHR is unlikely to drop below 300 or break above 400. The 9DTE 350 PUT is the main bearish options order, indicating the options market expects COHR to drop below $350 after earnings. The divergence in options activity amidst today’s strong market performance is worth noting.