Smart Money Is Betting Big In BTDR Options

Investors with a lot of money to spend have taken a bullish stance on Bitdeer Technologies BTDR.

And retail traders should know.

We noticed this today when the trades 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 BTDR, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 21 uncommon options trades for Bitdeer Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 33%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $73,280, and 19 are calls, for a total amount of $1,819,763.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.5 and $30.0 for Bitdeer Technologies, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Bitdeer Technologies stands at 2244.27, with a total volume reaching 9,883.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bitdeer Technologies, situated within the strike price corridor from $12.5 to $30.0, throughout the last 30 days.

Bitdeer Technologies Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Bitdeer Technologies

Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.

Current Position of Bitdeer Technologies

• With a trading volume of 10,550,176, the price of BTDR is up by 18.15%, reaching $23.55.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 105 days from now.

Professional Analyst Ratings for Bitdeer Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $19.4.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Northland Capital Markets has decided to maintain their Outperform rating on Bitdeer Technologies, which currently sits at a price target of $14. * An analyst from Rosenblatt persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $22. * Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on Bitdeer Technologies with a target price of $18. * Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $14. * An analyst from Benchmark persists with their Buy rating on Bitdeer Technologies, maintaining a target price of $29.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Bitdeer Technologies with Benzinga Pro for real-time alerts.