Spotlight on Cleanspark: Analyzing the Surge in Options Activity

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Financial giants have made a conspicuous bullish move on Cleanspark. Our analysis of options history for Cleanspark CLSK revealed 35 unusual trades.

Delving into the details, we found 54% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $143,765, and 31 were calls, valued at $1,226,040.

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 $7.5 to $37.0 for Cleanspark during the past quarter.

Analyzing 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 Cleanspark's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cleanspark's substantial trades, within a strike price spectrum from $7.5 to $37.0 over the preceding 30 days.

Cleanspark 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CLSK CALL SWEEP BEARISH 07/18/25 $5.7 $5.3 $5.3 $37.00 $127.1K 2.4K 125
CLSK CALL TRADE NEUTRAL 07/05/24 $1.65 $1.55 $1.6 $19.00 $64.0K 371 656
CLSK CALL TRADE NEUTRAL 01/17/25 $6.3 $6.1 $6.2 $20.00 $62.0K 12.9K 99
CLSK CALL SWEEP BULLISH 01/17/25 $11.9 $11.7 $11.9 $7.50 $59.5K 5.4K 130
CLSK CALL TRADE BULLISH 09/20/24 $3.7 $3.5 $3.7 $20.00 $57.7K 6.3K 251

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.

Having examined the options trading patterns of Cleanspark, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Cleanspark Standing Right Now?

  • Trading volume stands at 25,822,773, with CLSK's price down by -0.31%, positioned at $17.91.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 54 days.

Expert Opinions on Cleanspark

In the last month, 2 experts released ratings on this stock with an average target price of $19.75.

  • An analyst from JP Morgan has decided to maintain their Neutral rating on Cleanspark, which currently sits at a price target of $12.
  • In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $27.

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.

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Posted In: OptionsMarketsBZI-UOA
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