Deep-pocketed investors have 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 these investors remains unknown, but such a substantial move in MARA usually suggests something big is about to happen.
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 20% leaning bullish and 80% bearish. Among these notable options, 2 are puts, totaling $55,316, and 8 are calls, amounting to $289,102.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $8.0 to $15.0 for Marathon Digital Holdings over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Marathon Digital Holdings stands at 4107.67, with a total volume reaching 10,749.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marathon Digital Holdings, situated within the strike price corridor from $8.0 to $15.0, throughout the last 30 days.
Marathon Digital Holdings 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | SWEEP | BEARISH | 03/15/24 | $8.00 | $53.0K | 826 | 1 |
| MARA | CALL | SWEEP | BULLISH | 04/19/24 | $12.00 | $43.0K | 3.0K | 17 |
| MARA | CALL | TRADE | NEUTRAL | 01/17/25 | $15.00 | $34.0K | 8.0K | 505 |
| MARA | CALL | TRADE | NEUTRAL | 01/17/25 | $15.00 | $34.0K | 8.0K | 300 |
| MARA | CALL | TRADE | NEUTRAL | 01/17/25 | $15.00 | $34.0K | 8.0K | 100 |
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 Company's Crypto-currency Machines are located in the United States.
Following our analysis of the options activities associated with Marathon Digital Holdings, we pivot to a closer look at the company's own performance.
Current Position of Marathon Digital Holdings
- Currently trading with a volume of 21,142,693, the MARA's price is down by -2.82%, now at $10.34.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 114 days.
What The Experts Say On Marathon Digital Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $8.3.
- An analyst from Bernstein has revised its rating downward to Market Perform, adjusting the price target to $8.
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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