Smart Money Is Betting Big In MARA Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Marathon Digital Holdings (NASDAQ:MARA), with options data revealing a mix of bullish and bearish trades. The significant options activity includes 17 trades, with a notable put for $35,250 and 16 calls totaling $588,404, indicating a price focus between $11.0 and $50.0. The current market status of MARA shows a trading volume of 15,464,089, a price increase of 0.84% to $19.17, and an upcoming earnings announcement in 13 days. Analysts, including one from JP Morgan, have set an average target price of $16.5, with a specific underweight rating and a target price of $16.

April 26, 2024 | 3:01 pm
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Marathon Digital Holdings sees mixed options trading sentiment, with a current price uptick and an upcoming earnings announcement. Analysts have a cautious outlook with an average target price of $16.5.
The mixed sentiment in options trading and the upcoming earnings announcement create uncertainty, potentially leading to short-term volatility. However, the analyst's underweight rating and target price suggest a cautious outlook, which could temper expectations and impact investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100