Marathon Digital Holdings Unusual Options Activity For March 22

Deep-pocketed investors have adopted a bullish 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 35 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 54% leaning bullish and 45% bearish. Among these notable options, 11 are puts, totaling $495,319, and 24 are calls, amounting to $1,161,062.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $50.0 for Marathon Digital Holdings, spanning the last three months.

Analyzing 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 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 $15.0 to $50.0 over the preceding 30 days.

Marathon Digital Holdings 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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 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.

Where Is Marathon Digital Holdings Standing Right Now?

• Currently trading with a volume of 28,484,630, the MARA's price is down by -2.81%, now at $21.17.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 47 days.

Professional Analyst Ratings for Marathon Digital Holdings

4 market experts have recently issued ratings for this stock, with a consensus target price of $32.5.

• Maintaining their stance, an analyst from HC Wainwright & Co. continues to hold a Buy rating for Marathon Digital Holdings, targeting a price of $35.
• An analyst from Chardan Capital has decided to maintain their Neutral rating on Marathon Digital Holdings, which currently sits at a price target of $30.
• An analyst from Chardan Capital has decided to maintain their Neutral rating on Marathon Digital Holdings, which currently sits at a price target of $30.
• An analyst from HC Wainwright & Co. has revised its rating downward to Buy, adjusting the price target to $35.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marathon Digital Holdings options trades with real-time alerts from Benzinga Pro.