Financial giants have made a conspicuous bullish move on Hut 8. Our analysis of options history for Hut 8 HUT revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $67,112, and 6 were calls, valued at $407,167.
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 $21.0 to $45.0 for Hut 8 during the past quarter.
Analyzing Volume & Open Interest
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 Hut 8'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 Hut 8's whale activity within a strike price range from $21.0 to $45.0 in the last 30 days.
Hut 8 Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUT | CALL | SWEEP | NEUTRAL | 01/15/27 | $6.2 | $5.5 | $5.7 | $45.00 | $135.9K | 227 | 73 |
| HUT | CALL | SWEEP | NEUTRAL | 01/16/26 | $5.9 | $5.5 | $5.7 | $30.00 | $135.3K | 1.3K | 73 |
| HUT | CALL | TRADE | BEARISH | 01/24/25 | $2.26 | $2.15 | $2.15 | $21.50 | $42.7K | 8 | 199 |
| HUT | CALL | TRADE | BEARISH | 02/21/25 | $3.5 | $3.45 | $3.45 | $21.00 | $34.5K | 140 | 100 |
| HUT | PUT | SWEEP | BULLISH | 06/20/25 | $6.1 | $6.05 | $6.05 | $22.00 | $33.8K | 18 | 89 |
About Hut 8
Hut 8 Corp is engaged in the mining of digital assets with an operational focus on utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and receiving Bitcoin in return for successful services. The company has four reportable business segments: Digital Assets Mining, Managed Services, High Performance Computing -Colocation and Cloud, and Other. It derives maximum revenue from Digital Assets Mining segment.
Having examined the options trading patterns of Hut 8, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Hut 8
- Trading volume stands at 768,628, with HUT's price up by 5.56%, positioned at $21.63.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 84 days.
What Analysts Are Saying About Hut 8
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $35.4.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Piper Sandler downgraded its action to Overweight with a price target of $33. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $35. * Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Hut 8, targeting a price of $38. * An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $35. * An analyst from Jones Trading has revised its rating downward to Buy, adjusting the price target to $36.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Hut 8 options trades with real-time alerts from Benzinga Pro.
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