Whales with a lot of money to spend have taken a noticeably bullish stance on Cleanspark.
Looking at options history for Cleanspark CLSK we detected 31 trades.
If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $466,281 and 24, calls, for a total amount of $1,441,198.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $7.5 to $30.0 for Cleanspark over the recent three months.
Volume & Open Interest Development
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 Cleanspark'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 Cleanspark's whale trades within a strike price range from $7.5 to $30.0 in the last 30 days.
Cleanspark Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | TRADE | BULLISH | 01/16/26 | $7.50 | $264.0K | 8.3K | 7 |
| CLSK | CALL | TRADE | NEUTRAL | 03/08/24 | $20.00 | $259.2K | 6.9K | 6.0K |
| CLSK | PUT | SWEEP | BEARISH | 03/08/24 | $16.00 | $240.6K | 5.5K | 2.2K |
| CLSK | CALL | TRADE | BULLISH | 06/21/24 | $15.00 | $149.7K | 4.7K | 3 |
| CLSK | CALL | SWEEP | BULLISH | 03/08/24 | $20.00 | $67.3K | 6.9K | 1.2K |
About Cleanspark
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
Present Market Standing of Cleanspark
- With a trading volume of 25,114,736, the price of CLSK is up by 6.86%, reaching $19.32.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 69 days from now.
What Analysts Are Saying About Cleanspark
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $20.5.
- Maintaining their stance, an analyst from HC Wainwright & Co. continues to hold a Buy rating for Cleanspark, targeting a price of $27.
- In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $14.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cleanspark, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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