Investors with a lot of money to spend have taken a bearish stance on Applied Digital APLD.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with APLD, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 20 uncommon options trades for Applied Digital.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 60%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $60,332, and 18 are calls, for a total amount of $689,776.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $17.0 for Applied Digital over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Applied Digital's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Applied Digital's significant trades, within a strike price range of $4.0 to $17.0, over the past month.
Applied Digital 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APLD | CALL | SWEEP | BULLISH | 12/06/24 | $0.3 | $0.25 | $0.3 | $10.50 | $105.6K | 2.0K | 7.6K |
| APLD | CALL | SWEEP | BEARISH | 12/06/24 | $0.35 | $0.3 | $0.3 | $10.50 | $70.4K | 2.0K | 3.1K |
| APLD | CALL | SWEEP | BULLISH | 12/06/24 | $0.3 | $0.25 | $0.3 | $10.50 | $44.6K | 2.0K | 10.4K |
| APLD | CALL | SWEEP | BULLISH | 03/21/25 | $2.2 | $2.1 | $2.2 | $10.00 | $44.0K | 3.0K | 821 |
| APLD | CALL | SWEEP | BEARISH | 03/21/25 | $4.2 | $4.0 | $4.03 | $7.00 | $40.3K | 428 | 100 |
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.
In light of the recent options history for Applied Digital, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Applied Digital's Current Market Status
- With a trading volume of 15,677,813, the price of APLD is down by -1.41%, reaching $9.44.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 41 days from now.
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.
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 Applied Digital, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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