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Looking At Marathon Digital Holdings's Recent Unusual Options Activity

Author: Benzinga Insights | April 19, 2024 11:17am

Deep-pocketed investors have adopted a bullish approach towards Marathon Digital Holdings (NASDAQ:MARA), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MARA usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Marathon Digital Holdings. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 57% leaning bullish and 42% bearish. Among these notable options, 4 are puts, totaling $186,853, and 10 are calls, amounting to $567,333.

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 $10.0 and $37.0 for Marathon Digital Holdings, spanning the last three months.

Volume & Open Interest Development

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 $10.0 to $37.0, over the past month.

Marathon Digital Holdings Call and Put Volume: 30-Day Overview

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MARA CALL SWEEP BULLISH 01/17/25 $3.1 $3.0 $3.1 $32.00 $108.5K 4.4K 371
MARA CALL SWEEP BULLISH 05/17/24 $3.3 $3.2 $3.3 $13.00 $99.0K 366 305
MARA CALL SWEEP BULLISH 01/17/25 $3.1 $3.0 $3.1 $32.00 $93.0K 4.4K 671
MARA PUT TRADE BEARISH 12/19/25 $8.45 $8.3 $8.39 $17.00 $83.9K 809 0
MARA CALL SWEEP BULLISH 01/17/25 $2.73 $2.61 $2.73 $37.00 $54.8K 900 7

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

  • With a trading volume of 14,606,766, the price of MARA is up by 4.53%, reaching $15.71.
  • Current RSI values indicate that the stock is may be approaching oversold.
  • Next earnings report is scheduled for 19 days from now.

What The Experts Say On Marathon Digital Holdings

1 market experts have recently issued ratings for this stock, with a consensus target price of $16.5.

  • Maintaining their stance, an analyst from JP Morgan continues to hold a Underweight rating for Marathon Digital Holdings, targeting a price of $16.

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.

If you want to stay updated on the latest options trades for Marathon Digital Holdings, Benzinga Pro gives you real-time options trades alerts.

Posted In: MARA

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