High-rolling investors have positioned themselves bullish on Cleanspark CLSK, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CLSK often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Cleanspark. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $58,520, and 11 calls, totaling $487,653.
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 $10.0 to $20.0 for Cleanspark during the past quarter.
Insights into 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 Cleanspark's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cleanspark's substantial trades, within a strike price spectrum from $10.0 to $20.0 over the preceding 30 days.
Cleanspark Option Volume And Open Interest Over 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 | CALL | TRADE | BEARISH | 07/18/25 | $3.25 | $3.2 | $3.2 | $12.00 | $80.0K | 4.6K | 1.3K |
| CLSK | PUT | SWEEP | BULLISH | 07/18/25 | $7.7 | $7.55 | $7.6 | $15.00 | $58.5K | 1.6K | 77 |
| CLSK | CALL | TRADE | BULLISH | 01/16/26 | $4.55 | $4.4 | $4.55 | $10.00 | $45.5K | 6.5K | 100 |
| CLSK | CALL | SWEEP | BULLISH | 01/17/25 | $1.5 | $1.45 | $1.5 | $12.50 | $45.0K | 9.1K | 758 |
| CLSK | CALL | TRADE | BULLISH | 03/21/25 | $2.7 | $2.65 | $2.7 | $10.00 | $44.5K | 2.7K | 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.
Where Is Cleanspark Standing Right Now?
- Trading volume stands at 20,087,791, with CLSK's price up by 4.53%, positioned at $9.59.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 66 days.
What The Experts Say On Cleanspark
2 market experts have recently issued ratings for this stock, with a consensus target price of $25.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $23. * Reflecting concerns, an analyst from HC Wainwright & Co. lowers its rating to Buy with a new price target of $27.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cleanspark with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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