Marathon Digital Holdings's Options Frenzy: What You Need to Know

High-rolling investors have positioned themselves bullish on Marathon Digital Holdings MARA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MARA often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for Marathon Digital Holdings. This is not a typical pattern.

The sentiment among these major traders is split, with 66% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $60,680, and 8 calls, totaling $589,131.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $30.0 for Marathon Digital Holdings over the recent three months.

Analyzing Volume & Open Interest

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 $15.0 to $30.0 in the last 30 days.

Marathon Digital Holdings Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 Crypto-currency Machines are located in the United States.

In light of the recent options history for Marathon Digital Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Marathon Digital Holdings's Current Market Status

• With a trading volume of 22,953,013, the price of MARA is up by 1.9%, reaching $22.49.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 41 days from now.

Expert Opinions on Marathon Digital Holdings

4 market experts have recently issued ratings for this stock, with a consensus target price of $32.5.

• An analyst from Chardan Capital persists with their Neutral rating on Marathon Digital Holdings, maintaining a target price of $30.
• Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on Marathon Digital Holdings with a target price of $35.
• An analyst from Chardan Capital has decided to maintain their Neutral rating on Marathon Digital Holdings, which currently sits at a price target of $30.
• In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $35.

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.