Whales with a lot of money to spend have taken a noticeably bullish stance on Marathon Digital Holdings.
Looking at options history for Marathon Digital Holdings MARA we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $68,405 and 11, calls, for a total amount of $520,414.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.5 to $30.0 for Marathon Digital Holdings over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marathon Digital Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marathon Digital Holdings's whale trades within a strike price range from $15.5 to $30.0 in the last 30 days.
Marathon Digital Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | SWEEP | BULLISH | 01/26/24 | $15.50 | $75.7K | 10.1K | 1.6K |
| MARA | CALL | SWEEP | BULLISH | 02/16/24 | $16.00 | $66.2K | 2.4K | 549 |
| MARA | CALL | TRADE | BULLISH | 01/26/24 | $16.50 | $60.0K | 23.0K | 6.0K |
| MARA | CALL | SWEEP | BEARISH | 01/26/24 | $15.50 | $59.0K | 10.1K | 4.1K |
| MARA | CALL | SWEEP | BEARISH | 09/20/24 | $30.00 | $46.7K | 476 | 195 |
About Marathon Digital Holdings
Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The Company currently operates in the Digital Currency Blockchain segment. The Company's Crypto-currency Machines are located in the United States.
After a thorough review of the options trading surrounding Marathon Digital Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Marathon Digital Holdings
- With a volume of 16,964,395, the price of MARA is up 1.93% at $15.95.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 49 days.
What The Experts Say On Marathon Digital Holdings
1 market experts have recently issued ratings for this stock, with a consensus target price of $27.0.
- In a positive move, an analyst from BTIG has upgraded their rating to Buy and adjusted the price target to $27.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marathon Digital Holdings with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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