Benzinga | Dec 9, 2021 09:55PM EST

What Are Whales Doing With Marathon Digital Holdings

A whale with a lot of money to spend has taken a noticeably bearish stance on Marathon Digital Holdings.

Looking at options history for Marathon Digital Holdings (NASDAQ:MARA) we detected 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 38.89% of the investors opened trades with bullish expectations and 61.11% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $302,667.00 and 13, calls, for a total amount of $1,120,104.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.0 to $125.0 for Marathon Digital Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $37.0 to $125.0 in the last 30 days.

Marathon Digital Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestMARA CALL TRADE BULLISH 01/21/ $85.00 $202.3K 23.5K 9.3K 22MARA CALL TRADE BULLISH 01/21/ $85.00 $202.3K 23.5K 6.3K 22MARA CALL SWEEP BULLISH 01/21/ $85.00 $188.7K 23.5K 13.6K 22MARA PUT SWEEP BULLISH 12/17/ $48.00 $148.5K 1.0K 300 21MARA CALL SWEEP NEUTRAL 01/07/ $50.00 $78.9K 435 324 22

Where Is Marathon Digital Holdings Standing Right Now?

* With a volume of 8,278,476.00, the price of MARA is down -9.5% at $42.21.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 96 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.