High-rolling investors have positioned themselves bearish on Marathon Digital Holdings MARA, 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 MARA often signals that someone has privileged information.
Today, Benzinga’s options scanner spotted 19 options trades for Marathon Digital Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 15% bullish and 84% bearish. Among all the options we identified, there was one put, amounting to $35,120, and 18 calls, totaling $781,665.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $5.0 and $35.0 for Marathon Digital Holdings, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marathon Digital Holdings’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marathon Digital Holdings’s significant trades, within a strike price range of $5.0 to $35.0, over the past month.
Marathon Digital Holdings 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MARA | CALL | TRADE | BEARISH | 01/17/25 | $12.50 | $100.5K | 3.8K | 57 |
| MARA | CALL | SWEEP | BEARISH | 04/19/24 | $35.00 | $46.0K | 35.1K | 1.0K |
| MARA | CALL | SWEEP | BEARISH | 04/19/24 | $35.00 | $43.1K | 35.1K | 4.0K |
| MARA | CALL | TRADE | BEARISH | 01/19/24 | $5.00 | $43.0K | 3.1K | 1 |
| MARA | CALL | SWEEP | BEARISH | 04/19/24 | $35.00 | $43.0K | 35.1K | 10.0K |
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 Company’s Crypto-currency Machines are located in the United States.
In light of the recent options history for Marathon Digital Holdings, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Marathon Digital Holdings Standing Right Now?
- Currently trading with a volume of 26,406,762, the MARA’s price is down by -1.98%, now at $9.42.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 122 days.
What Analysts Are Saying About Marathon Digital Holdings
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $8.3.
- An analyst from Bernstein has revised its rating downward to Market Perform, adjusting the price target to $8.
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 Marathon Digital Holdings options trades with real-time alerts from Benzinga Pro.
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