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 13 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 61% leaning bullish and 30% bearish. Among these notable options, 6 are puts, totaling $227,542, and 7 are calls, amounting to $332,972.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $19.0 to $37.0 for Marathon Digital Holdings over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Marathon Digital Holdings stands at 5239.9, with a total volume reaching 22,285.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marathon Digital Holdings, situated within the strike price corridor from $19.0 to $37.0, throughout 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 | BULLISH | 12/19/25 | $6.2 | $6.05 | $6.2 | $37.00 | $84.9K | 95 | 5 |
| MARA | CALL | TRADE | BULLISH | 12/19/25 | $6.2 | $6.05 | $6.2 | $37.00 | $62.0K | 95 | 5 |
| MARA | CALL | TRADE | BULLISH | 09/20/24 | $2.65 | $2.65 | $2.65 | $23.00 | $53.0K | 2.9K | 6 |
| MARA | PUT | TRADE | BEARISH | 08/16/24 | $2.86 | $2.84 | $2.86 | $20.00 | $47.7K | 1.3K | 0 |
| MARA | CALL | SWEEP | BEARISH | 06/28/24 | $0.47 | $0.43 | $0.43 | $20.00 | $43.6K | 13.9K | 14.1K |
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 Crypto-currency Machines are located in the United States.
Where Is Marathon Digital Holdings Standing Right Now?
- With a trading volume of 17,654,877, the price of MARA is up by 1.95%, reaching $19.62.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 41 days from now.
Expert Opinions on Marathon Digital Holdings
4 market experts have recently issued ratings for this stock, with a consensus target price of $23.75.
- An analyst from HC Wainwright & Co. downgraded its action to Buy with a price target of $27.
- An analyst from HC Wainwright & Co. has revised its rating downward to Buy, adjusting the price target to $27.
- In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $27.
- An analyst from JP Morgan persists with their Underweight rating on Marathon Digital Holdings, maintaining a target price of $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 Marathon Digital Holdings, Benzinga Pro gives you real-time options trades 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.
