High-rolling investors have positioned themselves bearish 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 10 options trades for Marathon Digital Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 40% bullish and 60% bearish. Among all the options we identified, there was one put, amounting to $25,320, and 9 calls, totaling $437,732.
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 $15.5 to $35.0 for Marathon Digital Holdings during the past quarter.
Volume & Open Interest Development
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 $15.5 to $35.0 over the preceding 30 days.
Marathon Digital Holdings Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | SWEEP | BEARISH | 04/19/24 | $20.00 | $137.8K | 9.5K | 265 |
| MARA | CALL | SWEEP | BEARISH | 02/23/24 | $20.00 | $45.7K | 7.5K | 3.5K |
| MARA | CALL | SWEEP | BEARISH | 02/23/24 | $20.00 | $45.5K | 7.5K | 2.5K |
| MARA | CALL | SWEEP | BULLISH | 03/01/24 | $18.50 | $42.6K | 363 | 206 |
| MARA | CALL | SWEEP | BULLISH | 02/09/24 | $18.00 | $41.7K | 15.6K | 439 |
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.
Having examined the options trading patterns of Marathon Digital Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Marathon Digital Holdings
- Trading volume stands at 10,540,399, with MARA's price down by -0.88%, positioned at $18.04.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 38 days.
What Analysts Are Saying About Marathon Digital Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $27.0.
- An analyst from BTIG has elevated its stance to Buy, setting a new price target at $27.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marathon Digital Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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