Whales with a lot of money to spend have taken a noticeably bearish stance on Cleanspark.
Looking at options history for Cleanspark CLSK we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $112,520 and 7, calls, for a total amount of $531,974.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $14.0 and $35.0 for Cleanspark, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cleanspark's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cleanspark's substantial trades, within a strike price spectrum from $14.0 to $35.0 over the preceding 30 days.
Cleanspark 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | SWEEP | BEARISH | 01/17/25 | $35.00 | $180.0K | 2.2K | 5 |
| CLSK | CALL | SWEEP | BULLISH | 07/18/25 | $20.00 | $98.0K | 1.8K | 107 |
| CLSK | CALL | TRADE | BEARISH | 07/18/25 | $20.00 | $96.0K | 1.8K | 107 |
| CLSK | PUT | SWEEP | BEARISH | 03/22/24 | $20.50 | $86.5K | 242 | 206 |
| CLSK | CALL | SWEEP | BULLISH | 09/20/24 | $18.00 | $67.0K | 773 | 6 |
About Cleanspark
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
In light of the recent options history for Cleanspark, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Cleanspark
- Currently trading with a volume of 6,594,785, the CLSK's price is down by -2.81%, now at $16.94.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 51 days.
Expert Opinions on Cleanspark
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $26.333333333333332.
- Maintaining their stance, an analyst from Chardan Capital continues to hold a Buy rating for Cleanspark, targeting a price of $26.
- An analyst from Chardan Capital persists with their Buy rating on Cleanspark, maintaining a target price of $26.
- An analyst from HC Wainwright & Co. has decided to maintain their Buy rating on Cleanspark, which currently sits at a price target of $27.
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 Cleanspark, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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