Whales with a lot of money to spend have taken a noticeably bullish stance on Cleanspark.
Looking at options history for Cleanspark CLSK we detected 35 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $681,130 and 25, calls, for a total amount of $1,528,876.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $37.0 for Cleanspark during the past quarter.
Volume & Open Interest Trends
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 Cleanspark'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 Cleanspark's whale activity within a strike price range from $5.0 to $37.0 in the last 30 days.
Cleanspark Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLSK | PUT | TRADE | BEARISH | 03/21/25 | $6.75 | $6.65 | $6.75 | $18.00 | $193.0K | 16 | 287 |
| CLSK | CALL | TRADE | NEUTRAL | 08/16/24 | $0.29 | $0.1 | $0.18 | $30.00 | $153.0K | 32.8K | 10.4K |
| CLSK | CALL | TRADE | BULLISH | 01/16/26 | $5.95 | $5.85 | $5.92 | $37.00 | $118.4K | 4.1K | 404 |
| CLSK | CALL | SWEEP | BULLISH | 01/17/25 | $7.0 | $6.85 | $7.0 | $15.00 | $105.0K | 14.9K | 215 |
| CLSK | PUT | SWEEP | BULLISH | 09/20/24 | $5.45 | $5.3 | $5.35 | $20.00 | $103.7K | 837 | 360 |
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.
Current Position of Cleanspark
- With a trading volume of 26,957,228, the price of CLSK is down by -4.64%, reaching $16.32.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 14 days from now.
Expert Opinions on Cleanspark
In the last month, 1 experts released ratings on this stock with an average target price of $28.0.
- An analyst from Cantor Fitzgerald persists with their Overweight rating on Cleanspark, maintaining a target price of $28.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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