Financial giants have made a conspicuous bullish move on Marathon Digital Holdings. Our analysis of options history for Marathon Digital Holdings (NASDAQ:MARA) revealed 41 unusual trades.
Delving into the details, we found 51% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $705,212, and 26 were calls, valued at $1,064,332.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $30.0 for Marathon Digital Holdings over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Marathon Digital Holdings options trades today is 3054.0 with a total volume of 49,921.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marathon Digital Holdings's big money trades within a strike price range of $5.0 to $30.0 over the last 30 days.
Marathon Digital Holdings 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MARA | PUT | SWEEP | BULLISH | 05/10/24 | $1.61 | $1.58 | $1.58 | $17.00 | $110.6K | 1.9K | 1.9K |
| MARA | CALL | TRADE | BULLISH | 12/20/24 | $6.05 | $6.0 | $6.05 | $18.00 | $94.3K | 30 | 3 |
| MARA | CALL | TRADE | BULLISH | 01/17/25 | $5.2 | $5.15 | $5.2 | $20.00 | $72.8K | 12.8K | 604 |
| MARA | PUT | SWEEP | BEARISH | 06/21/24 | $1.44 | $1.42 | $1.44 | $14.00 | $72.0K | 4.9K | 672 |
| MARA | CALL | SWEEP | BULLISH | 01/17/25 | $6.0 | $5.75 | $6.0 | $20.00 | $60.0K | 12.8K | 1 |
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.
Current Position of Marathon Digital Holdings
- Currently trading with a volume of 34,449,261, the MARA's price is down by -10.4%, now at $16.16.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 9 days.
Professional Analyst Ratings for Marathon Digital Holdings
1 market experts have recently issued ratings for this stock, with a consensus target price of $16.5.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Underweight rating on Marathon Digital Holdings with a target price of $16.
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 Marathon Digital Holdings with Benzinga Pro for real-time alerts.