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 21 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 14% leaning bullish and 66% bearish. Among these notable options, 2 are puts, totaling $86,990, and 19 are calls, amounting to $1,353,533.
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 $12.0 to $35.0 for Marathon Digital Holdings during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Marathon Digital Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marathon Digital Holdings's whale activity within a strike price range from $12.0 to $35.0 in the last 30 days.
Marathon Digital Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MARA | CALL | TRADE | BEARISH | 12/19/25 | $7.1 | $6.6 | $6.7 | $35.00 | $186.9K | 8.8K | 336 |
| MARA | CALL | TRADE | BEARISH | 07/19/24 | $3.25 | $3.15 | $3.18 | $18.00 | $124.0K | 1.1K | 402 |
| MARA | CALL | TRADE | BEARISH | 06/14/24 | $0.32 | $0.29 | $0.29 | $21.50 | $112.6K | 3.4K | 7.1K |
| MARA | CALL | TRADE | BEARISH | 06/28/24 | $1.33 | $1.3 | $1.31 | $20.50 | $112.0K | 768 | 948 |
| MARA | CALL | TRADE | BEARISH | 01/17/25 | $3.15 | $3.05 | $3.06 | $35.00 | $109.8K | 10.3K | 398 |
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.
Current Position of Marathon Digital Holdings
- With a trading volume of 37,521,395, the price of MARA is up by 1.35%, reaching $19.53.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 57 days from now.
What The Experts Say On Marathon Digital Holdings
In the last month, 3 experts released ratings on this stock with an average target price of $22.666666666666668.
- An analyst from JP Morgan has decided to maintain their Underweight rating on Marathon Digital Holdings, which currently sits at a price target of $14.
- In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $27.
- Reflecting concerns, an analyst from HC Wainwright & Co. lowers its rating to Buy with a new price target of $27.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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