High-rolling investors have positioned themselves bearish on Applied Digital APLD, 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 APLD often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Applied Digital. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $49,420, and 8 calls, totaling $1,091,900.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $10.0 for Applied Digital, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Applied Digital'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 Applied Digital's whale trades within a strike price range from $4.0 to $10.0 in the last 30 days.
Applied Digital 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APLD | CALL | SWEEP | BEARISH | 01/17/25 | $5.2 | $5.1 | $5.1 | $4.00 | $255.6K | 4.1K | 500 |
| APLD | CALL | SWEEP | BULLISH | 01/17/25 | $5.1 | $5.0 | $5.0 | $4.00 | $250.0K | 4.1K | 2.0K |
| APLD | CALL | TRADE | BEARISH | 01/17/25 | $5.1 | $5.0 | $5.0 | $4.00 | $250.0K | 4.1K | 1.5K |
| APLD | CALL | TRADE | BEARISH | 01/17/25 | $5.3 | $5.1 | $5.1 | $4.00 | $188.6K | 4.1K | 500 |
| APLD | CALL | SWEEP | BEARISH | 01/17/25 | $5.2 | $5.1 | $5.1 | $4.00 | $66.3K | 4.1K | 1.0K |
About Applied Digital
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments; Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business which operates data centers to provide energized space to crypto mining customers.
After a thorough review of the options trading surrounding Applied Digital, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Applied Digital Standing Right Now?
- Currently trading with a volume of 5,486,266, the APLD's price is down by -1.97%, now at $8.95.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 83 days.
What Analysts Are Saying About Applied Digital
In the last month, 5 experts released ratings on this stock with an average target price of $10.6.
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 Needham downgraded its action to Buy with a price target of $11. * An analyst from Lake Street persists with their Buy rating on Applied Digital, maintaining a target price of $11. * An analyst from Roth MKM downgraded its action to Buy with a price target of $10. * Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on Applied Digital with a target price of $10. * In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $11.
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 Applied Digital with Benzinga Pro for real-time alerts.
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