Investors with a lot of money to spend have taken a bearish stance on Cleanspark CLSK.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CLSK, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 41 uncommon options trades for Cleanspark.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $141,100, and 37 are calls, for a total amount of $1,629,510.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $9.0 to $37.0 for Cleanspark over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Cleanspark options trades today is 2202.34 with a total volume of 13,331.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cleanspark's big money trades within a strike price range of $9.0 to $37.0 over the last 30 days.
Cleanspark Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | TRADE | BULLISH | 01/17/25 | $37.00 | $118.7K | 2.4K | 205 |
| CLSK | CALL | TRADE | BEARISH | 06/21/24 | $28.00 | $101.3K | 1.9K | 181 |
| CLSK | CALL | SWEEP | BULLISH | 04/05/24 | $28.50 | $92.0K | 101 | 801 |
| CLSK | CALL | SWEEP | BULLISH | 03/28/24 | $22.00 | $88.0K | 4.6K | 732 |
| CLSK | CALL | TRADE | BEARISH | 04/26/24 | $19.50 | $64.7K | 218 | 109 |
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.
After a thorough review of the options trading surrounding Cleanspark, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Cleanspark Standing Right Now?
- Trading volume stands at 20,521,428, with CLSK's price down by -1.15%, positioned at $23.13.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 43 days.
Expert Opinions on Cleanspark
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $25.25.
- Maintaining their stance, an analyst from HC Wainwright & Co. continues to hold a Buy rating for Cleanspark, targeting a price of $27.
- Consistent in their evaluation, an analyst from Chardan Capital keeps a Buy rating on Cleanspark with a target price of $26.
- An analyst from Chardan Capital has decided to maintain their Buy rating on Cleanspark, which currently sits at a price target of $26.
- Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on Cleanspark with a target price of $22.
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 Cleanspark options trades with real-time alerts from Benzinga Pro.
© 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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