Deep-Pocketed Investors Take Stance on Marathon Digital Holdings: What Does This Mean for the Market?

A deep-pocketed investor has adopted a bearish approach towards Marathon Digital Holdings MARA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of this investor remains unknown, but such a substantial move in MARA usually suggests insider knowledge. We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Marathon Digital Holdings. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 7 are puts, totaling $345,093, and 3 are calls, amounting to $112,602.

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What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $35.0 for Marathon Digital Holdings during the past quarter.

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 $7.0 to $35.0 in the last 30 days.

Marathon Digital Holdings 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Present Market Standing of Marathon Digital Holdings

• With a trading volume of 16,851,626, the price of MARA has went down by -0.87%, reaching $9.16. Current RSI values indicate that the stock is may be approaching overbought. Next earnings report is scheduled for 1 days from now.
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Professional Analyst Ratings for Marathon Digital Holdings:

• In a cautious move, Bernstein downgraded its rating to Market Perform, setting a price target of $8.
• JP Morgan downgraded its action to Underweight with a price target of $5.

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.