Investors with a lot of money to spend have taken a bullish stance on Cleanspark (NASDAQ:CLSK).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with CLSK, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 8 uncommon options trades for Cleanspark.
This isn’t normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $276,473, and 2 are calls, for a total amount of $68,200.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $8.0 to $20.0 for Cleanspark over the last 3 months.
Insights into Volume & Open Interest
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 Cleanspark’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 Cleanspark’s whale trades within a strike price range from $8.0 to $20.0 in the last 30 days.
Cleanspark 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
About Cleanspark
Cleanspark Inc. is a data center developer that, until recently, focused exclusively on bitcoin mining. The company provides scalable, energy-efficient digital infrastructure across the United States. The Company has a sole reporting segment, which is the bitcoin mining segment.
Current Position of Cleanspark
- Currently trading with a volume of 6,754,514, the CLSK’s price is down by -2.49%, now at $10.28.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 70 days.
What The Experts Say On Cleanspark
5 market experts have recently issued ratings for this stock, with a consensus target price of $17.2.
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.
