Investors with a lot of money to spend have taken a bearish stance onApplied Digital(NASDAQ:APLD).

And retail traders should know.

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

Today, Benzinga's options scanner spotted 12 options trades forApplied Digital.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish...