Options Market Statistics: MARA Options Pop After Bitcoin Reached a New All-time Record
News Highlights
$Marathon Digital(MARA.US$ shares lowered by 12.1%, closing at $20.64. Its options trading volume was 0.40 million. Call contracts account for 77.5% of the total trading volume. The most traded calls are contracts of $21.5 strike price that expire on Mar 15th. The total volume reaches 56,007 with an open interest of 317. The most traded puts are contracts of a $20 strike price that expires on Mar 15th; the volume is 8,195 contracts with an open interest of 7,974.
Among the catalysts pushing Bitcoin higher today is the United Kingdom's decision to allow "investment exchanges to launch crypto-backed exchange-traded notes." These products will reportedly only be made available to "professional investors." What's more, last week saw an inflow of nearly $2 billion into the 10 most valuable U.S. spot Bitcoin exchange-traded funds (ETFs), marking a "two-week low," per Reuters.
Back in December, Marathon Digital also disclosed its acquisition of two mining facilities with "390 megawatts of capacity" for $178.6 million. These were the first sites fully acquired by Marathon and represent an early step in its plan to grow its portfolio of mining operations.
"By acquiring the sites […] we have an opportunity to reduce our bitcoin production costs at these sites, to capitalize on energy hedging opportunities, and to expand our operational capacity," said CEO Fred Thiel at the time.
$Oracle(ORCL.US$ shares rose by 1.52%, closing at $114.13. Its options trading volume was 0.36 million. Call contracts account for 55.7% of the total trading volume. The most traded calls are contracts of $130 strike price that expire on Mar 15th. The total volume reaches 17,650 with an open interest of 12,877. The most traded puts are contracts of a $96 strike price that expires on Mar 15th; the volume is 12,670 contracts with an open interest of 124.
Unusual Stock Options Activity
Some notable call activity is being seen in $Marathon Digital(MARA.US$, which is primarily being driven by activity on the Mar. 15th call. Volume on this contract is 56,007 versus open interest of 317.
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Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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