Spotlight on HIVE Digital Technologies: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bullish stance on HIVE Digital Technologies HIVE.

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 HIVE, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for HIVE Digital Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $120,000, and 9, calls, for a total amount of $802,605.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3.5 to $10.0 for HIVE Digital Technologies during the past quarter.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in HIVE Digital Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to HIVE Digital Technologies's substantial trades, within a strike price spectrum from $3.5 to $10.0 over the preceding 30 days.

HIVE Digital Technologies Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About HIVE Digital Technologies

HIVE Digital Technologies Ltd formerly HIVE Blockchain Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.

Having examined the options trading patterns of HIVE Digital 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 HIVE Digital Technologies

• Currently trading with a volume of 6,937,590, the HIVE's price is up by 8.98%, now at $5.58.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 13 days.

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 HIVE Digital Technologies, Benzinga Pro gives you real-time options trades alerts.