Marathon Digital Holdings Unusual Options Activity For April 18

Comments
Loading...

Someone with a lot of money to spend has taken a bullish stance on Marathon Digital Holdings MARA.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with MARA, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Marathon Digital Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $241,996, and 6 are calls, for a total amount of $291,195.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $8.0 to $17.5 for Marathon Digital Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $8.0 to $17.5 in the last 30 days.

Marathon Digital Holdings Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MARA PUT SWEEP BULLISH 04/21/23 $12.50 $100.5K 446 6.8K
MARA CALL SWEEP BULLISH 09/15/23 $11.00 $85.0K 974 215
MARA CALL TRADE BEARISH 06/16/23 $10.00 $71.0K 21.9K 267
MARA PUT TRADE BEARISH 06/16/23 $17.50 $64.0K 3.3K 100
MARA CALL TRADE BEARISH 05/19/23 $8.00 $45.0K 3.0K 120

Where Is Marathon Digital Holdings Standing Right Now?

  • With a volume of 19,095,129, the price of MARA is up 8.17% at $12.38.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 15 days.

What The Experts Say On Marathon Digital Holdings:

  • Chardan Capital downgraded its action to Buy with a price target of $15
  • Compass Point has decided to maintain their Buy rating on Marathon Digital Holdings, which currently sits at a price target of $16.
  • B. Riley Securities has decided to maintain their Neutral rating on Marathon Digital Holdings, which currently sits at a price target of $5.
  • Chardan Capital has decided to maintain their Buy rating on Marathon Digital Holdings, which currently sits at a price target of $15.

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 Marathon Digital Holdings, Benzinga Pro gives you real-time options trades alerts.

Overview Rating:
Speculative
37.5%
Technicals Analysis
66
0100
Financials Analysis
20
0100
Overview
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!