Magnetar Financial Sells $13.5 Trillion in CoreWeave Call Options
CRWV sits 67% above its 52-week low of $63.8.
Summary
Magnetar Financial LLC, a 10% owner of CoreWeave, reported the sale of call options valued at an unprecedented $13.5 trillion, continuing a pattern of massive derivative dispositions.
Key Events · Ownership and Investor Activity · CRWV
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Massive Derivative Sale
Magnetar Financial LLC, a 10% owner, sold call options with a reported value of $13.5 trillion on June 1, 2026.
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Significant Reduction in Holdings
This transaction involved 2,000,000 underlying shares, representing a substantial reduction in Magnetar's derivative exposure to CoreWeave.
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Continuation of Selling Pattern
This sale is part of an ongoing series of multi-trillion dollar derivative dispositions by Magnetar Financial over the past few months.
Analysis · CRWV · Technology
This Form 4 filing details an extraordinary sale of call options by Magnetar Financial, a major institutional investor and 10% owner. The reported transaction value of $13.5 trillion is exceptionally large, far exceeding CoreWeave's market capitalization. While the specific mechanics of these derivative sales are complex, such a significant disposition of call options by a 10% owner typically indicates a bearish outlook on the underlying stock or a substantial reduction in exposure. This follows a series of similar multi-trillion dollar derivative sales by Magnetar in recent months, suggesting a consistent strategy of reducing their indirect interest or hedging against future price movements.
At the time of this filing, CRWV was trading at $106.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $60.5B. The 52-week trading range was $63.80 to $187.00. This filing was assessed with negative market sentiment and an importance score of 10 out of 10.