The Rise of Digital Assets: MARA Holdings Leads the Charge
Mara Holdings Sees Spike in Whale Activity, Options Trading Data Reveals
March 25, 2023
Options trading data reveals a significant increase in whale activity surrounding Mara Holdings (MARA), a cloud-based financial services company. Whale investors, known for their substantial trading volumes and market-moving positions, have been placing large bets on the company's future performance.
According to Benzinga's proprietary options data, whales have been buying up large blocks of MARA's options contracts, particularly the April and May expirations. This surge in activity suggests that these sophisticated investors are anticipating a significant price move in the coming weeks.
One notable trade saw a whale investor purchase a block of 10,000 April 30 calls at a strike price of $20. This massive position represents a $200 million notional value, a staggering amount that can move markets. Other whale activity includes the buying of 5,000 May 25 calls at a strike price of $22, as well as the selling of 15,000 April 20 puts at a strike price of $18.
These trades suggest that whales are betting on MARA's stock price to rise above $20 by the end of April and potentially above $22 by mid-May. The selling of puts at the $18 strike price indicates that some whales may be positioning themselves for a potential pullback in the stock price before making a run at the higher levels.
Mara Holdings has been a hot topic in recent weeks, with the company's stock price more than doubling since the beginning of the year. The rally has been driven by the company's strong financials and growing adoption of its cloud-based financial services platform.
As the options market continues to reflect the growing optimism surrounding MARA, investors would do well to take notice of the whale activity and consider its implications for the company's future performance. With the stock price poised to make a significant move, now may be the time for individual investors to take a closer look at MARA and consider joining the whales in their bet on the company's future.