High-rolling investors have positioned themselves bullish on Bitdeer Technologies BTDR, 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 BTDR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Bitdeer Technologies. This is not a typical pattern.
The sentiment among these major traders is split, with 70% bullish and 10% bearish. Among all the options we identified, there was one put, amounting to $154,642, and 9 calls, totaling $548,250.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.5 to $25.0 for Bitdeer Technologies over the recent three months.
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 Bitdeer Technologies'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 Bitdeer Technologies's whale activity within a strike price range from $12.5 to $25.0 in the last 30 days.
Bitdeer Technologies Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BTDR | PUT | SWEEP | BULLISH | 01/31/25 | $1.55 | $1.05 | $1.05 | $20.00 | $154.6K | 28 | 1.3K |
| BTDR | CALL | TRADE | BEARISH | 01/17/25 | $12.9 | $12.1 | $12.42 | $12.50 | $124.2K | 3.0K | 100 |
| BTDR | CALL | TRADE | NEUTRAL | 01/17/25 | $3.4 | $3.2 | $3.31 | $22.00 | $99.3K | 107 | 500 |
| BTDR | CALL | TRADE | NEUTRAL | 03/21/25 | $4.2 | $3.8 | $4.0 | $25.00 | $84.4K | 5.8K | 2 |
| BTDR | CALL | SWEEP | BULLISH | 03/21/25 | $5.7 | $5.5 | $5.7 | $25.00 | $57.0K | 5.8K | 503 |
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
Current Position of Bitdeer Technologies
- Currently trading with a volume of 2,408,687, the BTDR's price is up by 2.63%, now at $22.24.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 84 days.
Expert Opinions on Bitdeer Technologies
In the last month, 5 experts released ratings on this stock with an average 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. * Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Bitdeer Technologies, targeting a price of $29. * Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Bitdeer Technologies, targeting a price of $24. * Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Bitdeer Technologies, targeting a price of $22. * Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for Bitdeer Technologies, targeting a price of $29. * Consistent in their evaluation, an analyst from Northland Capital Markets keeps a Outperform rating on Bitdeer Technologies with a target price of $20.
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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