Behind the Scenes of Marathon Digital Holdings's Latest Options Trends

Investors with a lot of money to spend have taken a bullish stance on Marathon Digital Holdings MARA.

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 MARA, 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 19 uncommon options trades for Marathon Digital Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 52% bullish and 42%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $367,486, and 14 are calls, for a total amount of $670,402.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $18.0 to $40.0 for Marathon Digital Holdings during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marathon Digital Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marathon Digital Holdings's substantial trades, within a strike price spectrum from $18.0 to $40.0 over the preceding 30 days.

Marathon Digital Holdings 30-Day Option Volume & Interest Snapshot

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MARA PUT SWEEP BULLISH 09/20/24 $7.15 $7.05 $7.05 $25.00 $126.9K 1.1K 194
MARA CALL TRADE NEUTRAL 06/21/24 $3.45 $3.35 $3.4 $18.00 $119.0K 2.9K 509
MARA PUT TRADE BEARISH 01/17/25 $7.05 $7.0 $7.05 $22.50 $97.9K 2.9K 149
MARA PUT SWEEP BULLISH 06/14/24 $1.06 $1.03 $1.05 $21.00 $59.7K 830 3.0K
MARA CALL SWEEP BULLISH 07/19/24 $2.97 $2.81 $2.93 $21.00 $58.5K 2.4K 589

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.

Marathon Digital Holdings's Current Market Status

  • Currently trading with a volume of 43,949,387, the MARA's price is down by -0.71%, now at $20.92.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 61 days.

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.

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Posted In: OptionsMarketsBZI-UOA
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