Deep-pocketed investors have adopted a bearish approach towards Marathon Digital Holdings MARA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MARA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Marathon Digital Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $95,607, and 5 are calls, amounting to $179,832.
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 $20.0 for Marathon Digital Holdings, spanning the last three months.
Volume & Open Interest Trends
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 $14.0 to $20.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MARA | CALL | SWEEP | NEUTRAL | 05/10/24 | $1.59 | $1.52 | $1.59 | $20.00 | $47.7K | 8.0K | 268 |
| MARA | PUT | SWEEP | BEARISH | 06/21/24 | $1.55 | $1.53 | $1.54 | $17.00 | $37.1K | 2.7K | 294 |
| MARA | CALL | SWEEP | BEARISH | 05/17/24 | $1.91 | $1.82 | $1.84 | $20.00 | $36.4K | 8.3K | 630 |
| MARA | CALL | TRADE | NEUTRAL | 05/17/24 | $1.91 | $1.63 | $1.79 | $20.00 | $35.4K | 8.3K | 855 |
| MARA | CALL | TRADE | NEUTRAL | 12/20/24 | $12.0 | $7.0 | $9.65 | $14.00 | $32.8K | 326 | 0 |
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.
In light of the recent options history for Marathon Digital Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Marathon Digital Holdings Standing Right Now?
- With a volume of 6,118,389, the price of MARA is down -2.81% at $20.09.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 2 days.
Expert Opinions on Marathon Digital Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $16.5.
- An analyst from JP Morgan has decided to maintain their Underweight rating on Marathon Digital Holdings, which currently sits at a price target of $16.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marathon Digital Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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