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Looking At Marathon Digital Holdings's Recent Unusual Options Activity
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Looking At Marathon Digital Holdings's Recent Unusual Options Activity
Jul 16, 2024 8:10 AM

Financial giants have made a conspicuous bullish move on Marathon Digital Holdings ( MARA ). Our analysis of options history for Marathon Digital Holdings ( MARA ) revealed 14 unusual trades.

Delving into the details, we found 64% of traders were bullish, while 21% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $374,778, and 9 were calls, valued at $676,790.

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 $8.0 and $33.0 for Marathon Digital Holdings ( MARA ), spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Marathon Digital Holdings ( MARA ) options trades today is 5525.91 with a total volume of 9,719.00.

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 ( MARA ) big money trades within a strike price range of $8.0 to $33.0 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 CALL SWEEP NEUTRAL 09/20/24 $6.85 $6.75 $6.8 $20.00 $339.7K 9.1K 593
MARA PUT SWEEP BULLISH 08/30/24 $1.3 $1.21 $1.21 $20.00 $124.6K 136 5.3K
MARA PUT SWEEP BULLISH 09/20/24 $9.9 $9.85 $9.85 $33.00 $118.2K 260 0
MARA CALL TRADE BULLISH 07/26/24 $4.2 $3.5 $4.2 $20.50 $84.0K 6.0K 0
MARA CALL SWEEP BULLISH 08/16/24 $2.78 $2.7 $2.76 $25.00 $55.7K 13.4K 503

About Marathon Digital Holdings

Marathon Digital Holdings Inc ( MARA ) 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.

In light of the recent options history for Marathon Digital Holdings ( MARA ), 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?

With a volume of 19,404,778, the price of MARA is up 0.77% at $24.77.

RSI indicators hint that the underlying stock may be approaching overbought.

Next earnings are expected to be released in 21 days.

Professional Analyst Ratings for Marathon Digital Holdings

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $23.5.

An analyst from HC Wainwright & Co. downgraded its action to Buy with a price target of $27.

Consistent in their evaluation, an analyst from B. Riley Securities keeps a Neutral rating on Marathon Digital Holdings ( MARA ) with a target price of $20.

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 ( MARA ) options trades with real-time alerts from Benzinga Pro.

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