Investors with a lot of money to spend have taken a bearish stance on Cleanspark CLSK.
And retail traders should know.
We noticed this today when the trades 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 CLSK, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 20 uncommon options trades for Cleanspark.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 65%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $84,469, and 17 are calls, for a total amount of $1,316,799.
Predicted Price Range
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 $25.0 for Cleanspark during the past quarter.
Insights into 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 $25.0 over the preceding 30 days.
Cleanspark Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | SWEEP | BEARISH | 01/17/25 | $17.50 | $296.0K | 2.3K | 604 |
| CLSK | CALL | TRADE | BEARISH | 04/19/24 | $25.00 | $169.8K | 412 | 1.0K |
| CLSK | CALL | TRADE | NEUTRAL | 01/17/25 | $17.50 | $149.0K | 2.3K | 204 |
| CLSK | CALL | TRADE | BEARISH | 01/16/26 | $7.50 | $128.0K | 8.2K | 0 |
| CLSK | CALL | TRADE | BULLISH | 01/17/25 | $25.00 | $61.0K | 4.0K | 6 |
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.
Following our analysis of the options activities associated with Cleanspark, we pivot to a closer look at the company's own performance.
Where Is Cleanspark Standing Right Now?
- Currently trading with a volume of 8,957,166, the CLSK's price is down by -2.28%, now at $16.7.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 75 days.
What Analysts Are Saying About Cleanspark
1 market experts have recently issued ratings for this stock, with a consensus target price of $14.0.
- An analyst from HC Wainwright & Co. has revised its rating downward to Buy, adjusting the price target to $14.
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 Cleanspark, 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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