Investors with a lot of money to spend have taken a bullish stance on Bitdeer Technologies BTDR.
And retail traders should know.
We noticed this today when the positions 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 BTDR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 17 options trades for Bitdeer Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 29%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $31,325, and 16, calls, for a total amount of $1,214,972.
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 $10.0 to $35.0 for Bitdeer Technologies over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Bitdeer Technologies stands at 2269.22, with a total volume reaching 7,946.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bitdeer Technologies, situated within the strike price corridor from $10.0 to $35.0, throughout the last 30 days.
Bitdeer Technologies 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BTDR | CALL | TRADE | BEARISH | 03/21/25 | $6.6 | $6.5 | $6.5 | $25.00 | $247.0K | 3.8K | 1.3K |
| BTDR | CALL | SWEEP | BULLISH | 03/21/25 | $6.6 | $6.3 | $6.5 | $25.00 | $195.0K | 3.8K | 1.7K |
| BTDR | CALL | TRADE | BULLISH | 03/21/25 | $14.3 | $12.1 | $14.3 | $10.00 | $143.0K | 4.8K | 101 |
| BTDR | CALL | TRADE | BULLISH | 03/21/25 | $5.9 | $5.6 | $5.8 | $25.00 | $116.0K | 3.8K | 401 |
| BTDR | CALL | TRADE | BULLISH | 03/21/25 | $6.6 | $6.3 | $6.5 | $25.00 | $78.0K | 3.8K | 690 |
About Bitdeer Technologies
Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.
Having examined the options trading patterns of Bitdeer Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Bitdeer Technologies
- With a volume of 5,257,090, the price of BTDR is up 5.03% at $24.75.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 91 days.
What The Experts Say On Bitdeer Technologies
5 market experts have recently issued ratings for this stock, with a consensus target price of $24.8.
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 Northland Capital Markets has decided to maintain their Outperform rating on Bitdeer Technologies, which currently sits at a price target of $20. * Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Bitdeer Technologies with a target price of $29. * An analyst from Benchmark persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $29. * An analyst from B. Riley Securities persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $24. * An analyst from Rosenblatt persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $22.
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 Bitdeer Technologies with Benzinga Pro for real-time alerts.
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