Investors with a lot of money to spend have taken a bearish stance on Marathon Digital Holdings MARA.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 10 options trades for Marathon Digital Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $38,400, and 9, calls, for a total amount of $894,529.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.0 to $35.0 for Marathon Digital Holdings over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Marathon Digital Holdings options trades today is 7270.44 with a total volume of 10,060.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marathon Digital Holdings's big money trades within a strike price range of $22.0 to $35.0 over the last 30 days.
Marathon Digital Holdings Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | TRADE | BEARISH | 01/17/25 | $22.50 | $232.0K | 3.2K | 200 |
| MARA | CALL | SWEEP | BEARISH | 02/23/24 | $25.50 | $218.8K | 2.7K | 159 |
| MARA | CALL | SWEEP | BEARISH | 03/15/24 | $35.00 | $184.2K | 10.2K | 1.6K |
| MARA | CALL | SWEEP | BEARISH | 02/23/24 | $27.00 | $86.2K | 2.9K | 739 |
| MARA | CALL | SWEEP | BEARISH | 02/16/24 | $28.00 | $50.4K | 8.4K | 3.1K |
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.
Marathon Digital Holdings's Current Market Status
- With a trading volume of 7,890,127, the price of MARA is down by -10.34%, reaching $24.46.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 30 days from now.
What Analysts Are Saying About Marathon Digital Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $27.0.
- An analyst from BTIG has elevated its stance to Buy, setting a new price target at $27.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
