Financial giants have made a conspicuous bullish move on Cleanspark. Our analysis of options history for Cleanspark CLSK revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 28% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $365,076, and 8 were calls, valued at $408,480.
Predicted Price Range
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 $37.0 for Cleanspark, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Cleanspark stands at 4042.2, with a total volume reaching 1,817.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cleanspark, situated within the strike price corridor from $15.0 to $37.0, throughout the last 30 days.
Cleanspark 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | SWEEP | BULLISH | 01/17/25 | $6.1 | $6.0 | $6.1 | $20.00 | $141.5K | 12.6K | 0 |
| CLSK | PUT | SWEEP | BULLISH | 07/05/24 | $0.25 | $0.25 | $0.26 | $15.50 | $101.9K | 258 | 3 |
| CLSK | PUT | TRADE | BEARISH | 06/21/24 | $1.75 | $1.55 | $1.75 | $20.00 | $78.7K | 3.3K | 1.2K |
| CLSK | PUT | TRADE | BULLISH | 06/21/24 | $1.9 | $1.45 | $1.5 | $20.00 | $67.5K | 3.3K | 0 |
| CLSK | PUT | TRADE | BULLISH | 06/21/24 | $1.75 | $1.45 | $1.5 | $20.00 | $60.0K | 3.3K | 0 |
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.
After a thorough review of the options trading surrounding Cleanspark, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Cleanspark Standing Right Now?
- With a trading volume of 4,492,250, the price of CLSK is down by -6.6%, reaching $17.91.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 47 days from now.
Expert Opinions on Cleanspark
3 market experts have recently issued ratings for this stock, with a consensus target price of $22.166666666666668.
- In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $27.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $27.
- An analyst from JP Morgan persists with their Neutral rating on Cleanspark, maintaining a target price of $12.
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 Cleanspark 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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