High-rolling investors have positioned themselves bearish on Cleanspark (NASDAQ:CLSK), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CLSK often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Cleanspark. This is not a typical pattern.
The sentiment among these major traders is split, with 36% bullish and 45% bearish. Among all the options we identified, there was one put, amounting to $50,200, and 10 calls, totaling $1,031,969.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.5 to $25.0 for Cleanspark over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Cleanspark options trades today is 4074.0 with a total volume of 1,232.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cleanspark's big money trades within a strike price range of $12.5 to $25.0 over the last 30 days.
Cleanspark Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | SWEEP | BEARISH | 09/20/24 | $5.8 | $5.6 | $5.6 | $15.00 | $369.1K | 2.8K | 5 |
| CLSK | CALL | TRADE | BULLISH | 07/18/25 | $8.0 | $6.5 | $7.8 | $22.00 | $310.4K | 1.1K | 0 |
| CLSK | CALL | TRADE | BULLISH | 01/17/25 | $6.1 | $5.9 | $6.05 | $20.00 | $78.6K | 12.8K | 43 |
| CLSK | CALL | TRADE | BULLISH | 07/19/24 | $3.4 | $3.3 | $3.4 | $16.00 | $68.6K | 2.5K | 1 |
| CLSK | CALL | TRADE | NEUTRAL | 09/20/24 | $2.55 | $2.1 | $2.31 | $25.00 | $57.7K | 8.3K | 0 |
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.
Current Position of Cleanspark
- Currently trading with a volume of 15,244,752, the CLSK's price is down by -0.99%, now at $17.08.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 55 days.
What The Experts Say On Cleanspark
2 market experts have recently issued ratings for this stock, with a consensus target price of $19.75.
- An analyst from JP Morgan persists with their Neutral rating on Cleanspark, maintaining a target price of $12.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $27.
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 Cleanspark options trades with real-time alerts from Benzinga Pro.
