Deep-pocketed investors have adopted a bearish approach towards Marathon Digital Holdings MARA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MARA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Marathon Digital Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 61% bearish. Among these notable options, 3 are puts, totaling $150,611, and 10 are calls, amounting to $566,275.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $17.5 to $42.0 for Marathon Digital Holdings over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marathon Digital Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marathon Digital Holdings's significant trades, within a strike price range of $17.5 to $42.0, over the past month.
Marathon Digital Holdings Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | TRADE | NEUTRAL | 01/17/25 | $25.00 | $113.1K | 6.9K | 0 |
| MARA | CALL | TRADE | BULLISH | 03/08/24 | $25.00 | $96.0K | 112 | 1.0K |
| MARA | CALL | SWEEP | BEARISH | 02/16/24 | $23.00 | $84.0K | 11.8K | 2.0K |
| MARA | CALL | TRADE | BEARISH | 02/02/24 | $17.50 | $77.0K | 16.7K | 1.8K |
| MARA | PUT | TRADE | BEARISH | 12/19/25 | $42.00 | $55.4K | 0 | 19 |
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.
Present Market Standing of Marathon Digital Holdings
- Trading volume stands at 11,059,534, with MARA's price down by -3.81%, positioned at $17.42.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 43 days.
What Analysts Are Saying About 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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