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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $67,720 and 6, calls, for a total amount of $465,016.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $35.0 for Marathon Digital Holdings during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $12.5 to $35.0 in the last 30 days.
Marathon Digital Holdings Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | SWEEP | BULLISH | 06/21/24 | $35.00 | $200.2K | 3.8K | 440 |
| MARA | CALL | TRADE | BULLISH | 06/21/24 | $22.00 | $132.0K | 1.1K | 176 |
| MARA | CALL | TRADE | NEUTRAL | 03/01/24 | $16.00 | $47.7K | 255 | 58 |
| MARA | PUT | SWEEP | BULLISH | 03/15/24 | $23.00 | $34.7K | 8.6K | 143 |
| MARA | PUT | TRADE | BEARISH | 02/23/24 | $27.50 | $33.0K | 547 | 10 |
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.
Following our analysis of the options activities associated with Marathon Digital Holdings, we pivot to a closer look at the company's own performance.
Where Is Marathon Digital Holdings Standing Right Now?
- With a trading volume of 11,997,754, the price of MARA is down by -3.58%, reaching $23.68.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 5 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marathon Digital Holdings options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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