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Spotlight on Marathon Digital Holdings: Analyzing the Surge in Options Activity

Author: Benzinga Insights | February 23, 2024 11:45am

Whales with a lot of money to spend have taken a noticeably bullish stance on Marathon Digital Holdings.

Looking at options history for Marathon Digital Holdings (NASDAQ:MARA) we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $67,720 and 6, calls, for a total amount of $465,016.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $35.0 for Marathon Digital Holdings during the past quarter.

Volume & Open Interest Development

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 $12.5 to $35.0 in the last 30 days.

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

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MARA CALL SWEEP BULLISH 06/21/24 $35.00 $200.2K 3.8K 440
MARA CALL TRADE BULLISH 06/21/24 $22.00 $132.0K 1.1K 176
MARA CALL TRADE NEUTRAL 03/01/24 $16.00 $47.7K 255 58
MARA PUT SWEEP BULLISH 03/15/24 $23.00 $34.7K 8.6K 143
MARA PUT TRADE BEARISH 02/23/24 $27.50 $33.0K 547 10

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.

Following our analysis of the options activities associated with Marathon Digital Holdings, we pivot to a closer look at the company's own performance.

Where Is Marathon Digital Holdings Standing Right Now?

  • With a trading volume of 11,997,754, the price of MARA is down by -3.58%, reaching $23.68.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 5 days from now.

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.

Posted In: MARA

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