Market Whales and Their Recent Bets on MARA Options

Whales with a lot of money to spend have taken a noticeably bullish stance on Marathon Digital Holdings.

Looking at options history for Marathon Digital Holdings MARA we detected 30 trades.

If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $1,071,125 and 18, calls, for a total amount of $870,054.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.5 to $50.0 for Marathon Digital Holdings over the last 3 months.

Insights into 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 Marathon Digital Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marathon Digital Holdings's substantial trades, within a strike price spectrum from $12.5 to $50.0 over the preceding 30 days.

Marathon Digital Holdings Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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 Crypto-currency Machines are located in the United States.

Having examined the options trading patterns of Marathon Digital Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Marathon Digital Holdings's Current Market Status

• With a trading volume of 25,962,132, the price of MARA is down by -1.71%, reaching $18.99.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 51 days from now.

What Analysts Are Saying About Marathon Digital Holdings

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $31.666666666666668.

• Maintaining their stance, an analyst from Chardan Capital continues to hold a Neutral rating for Marathon Digital Holdings, targeting a price of $30.
• Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on Marathon Digital Holdings with a target price of $35.
• Maintaining their stance, an analyst from Chardan Capital continues to hold a Neutral rating for Marathon Digital Holdings, targeting a price of $30.

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.