Spotlight on Marathon Digital Holdings: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
The article highlights a surge in options activity for Marathon Digital Holdings (NASDAQ:MARA), with a noticeable bullish stance from large investors. Out of 14 trades, 42% were bullish and 35% bearish. The trades include 4 puts totaling $261,158 and 10 calls totaling $410,768. Whales are targeting a price range of $15.0 to $40.0. The stock is currently trading at $18.84, down by 4.25%, with a neutral RSI. An analyst from B. Riley Securities maintains a Neutral rating with a $20 price target.
August 01, 2024 | 3:46 pm
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Marathon Digital Holdings has seen a significant increase in options activity, with a majority of trades being bullish. The stock is currently trading at $18.84, down by 4.25%. An analyst from B. Riley Securities maintains a Neutral rating with a $20 price target.
The surge in options activity, particularly the bullish trades, indicates positive sentiment among large investors. Despite the current price drop, the bullish stance and the analyst's price target suggest potential upward movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100