Whales with a lot of money to spend have taken a noticeably bearish stance on Cleanspark. Looking at options history for Cleanspark (CLSK) we detected 29 trades. If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish. From the overall spotted trades, 7 are puts, for a total amount of $349,044 and 22 calls, for a total amount of $1,082,306.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.5 to $30.0 for Cleanspark over the recent three months. Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cleanspark’s options at certain strike prices over the past month.
The largest options trades observed for Cleanspark include a call sweep with a bullish sentiment expiring on 06/21/24 at a strike price of $12.50 for a total trade price of $124.2K with an open interest of 2.1K and a volume of 175. Another notable trade is a put sweep with a neutral sentiment expiring on 01/17/25 at a strike price of $30.00 for a total trade price of $115.9K with an open interest of 8 and a volume of 0.
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company’s wholly owned subsidiaries, the company mines bitcoin. In light of the recent options history for Cleanspark, it’s now appropriate to focus on the company itself and explore its current performance.
As of now, Cleanspark has a volume of 18,727,521, with the price of CLSK down -0.45% at $16.5. RSI indicators hint that the underlying stock may be approaching overbought, and the next earnings are expected to be released in 62 days.
Over the past month, 3 industry analysts have shared their insights on Cleanspark, proposing an average target price of $26.33. Analysts from Chardan Capital and HC Wainwright & Co. maintain their Buy ratings on Cleanspark with target prices ranging from $26 to $27.
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. Stay informed about the latest Cleanspark options trades with real-time alerts from Benzinga Pro.
