Financial giants have made a conspicuous bullish move on Marathon Digital Holdings. Our analysis of options history for Marathon Digital Holdings MARA revealed 9 unusual trades.
Delving into the details, we found 77% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $74,170, and 7 were calls, valued at $350,630.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $14.0 to $45.0 for Marathon Digital Holdings over the recent three months.
Insights into 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 Marathon Digital Holdings'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 Marathon Digital Holdings's whale activity within a strike price range from $14.0 to $45.0 in the last 30 days.
Marathon Digital Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | SWEEP | BULLISH | 04/19/24 | $15.00 | $89.0K | 4.8K | 100 |
| MARA | CALL | SWEEP | BULLISH | 01/12/24 | $27.00 | $68.0K | 3.2K | 139 |
| MARA | CALL | TRADE | BULLISH | 01/16/26 | $15.00 | $50.4K | 733 | 0 |
| MARA | PUT | SWEEP | BULLISH | 02/16/24 | $45.00 | $47.5K | 11 | 16 |
| MARA | CALL | SWEEP | BULLISH | 01/12/24 | $27.00 | $46.0K | 3.2K | 1.1K |
About Marathon Digital Holdings
Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The Company currently operates in the Digital Currency Blockchain segment. The Company's Crypto-currency Machines are located in the United States.
Following our analysis of the options activities associated with Marathon Digital Holdings, we pivot to a closer look at the company's own performance.
Where Is Marathon Digital Holdings Standing Right Now?
- Currently trading with a volume of 26,981,183, the MARA's price is down by -10.64%, now at $20.49.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 71 days.
Professional Analyst Ratings for Marathon Digital Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $24.0.
- Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on Marathon Digital Holdings with a target price of $24.
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 Marathon Digital Holdings with Benzinga Pro for real-time alerts.
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