Financial giants have made a conspicuous bearish move on Marathon Digital Holdings. Our analysis of options history for Marathon Digital Holdings (NASDAQ:MARA) revealed 20 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $169,492, and 16 were calls, valued at $814,735.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $17.0 to $25.0 for Marathon Digital Holdings over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $17.0 to $25.0 in the last 30 days.
Marathon Digital Holdings Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MARA | CALL | SWEEP | BEARISH | 07/19/24 | $3.35 | $2.94 | $2.93 | $23.00 | $87.9K | 1.6K | 310 |
| MARA | CALL | SWEEP | BEARISH | 05/31/24 | $1.69 | $1.64 | $1.65 | $22.00 | $82.7K | 3.7K | 4.4K |
| MARA | CALL | SWEEP | BEARISH | 06/21/24 | $3.5 | $3.45 | $3.45 | $20.00 | $69.0K | 21.0K | 1.5K |
| MARA | CALL | SWEEP | BEARISH | 06/21/24 | $3.45 | $3.4 | $3.4 | $20.00 | $68.0K | 21.0K | 1.2K |
| MARA | CALL | SWEEP | NEUTRAL | 01/17/25 | $7.0 | $6.9 | $6.9 | $25.00 | $65.5K | 10.3K | 154 |
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.
Marathon Digital Holdings's Current Market Status
- With a trading volume of 32,512,644, the price of MARA is up by 4.03%, reaching $22.21.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 76 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.