Options Market Statistics: Marathon Stock Fell as Investors Secured Profits on Last Trading Day of 2023, Options Pop

Options Newsman wrote a column · Dec 29, 2023 20:22

News Highlights

$Tesla(TSLA.US)$ shares fell by 1.86%, closing at $248.48. Its options trading volume is 2.6 million. Call contracts account for 56.6% of the whole trading volume.

$Marathon Digital(MARA.US)$ shares tumbled 16.44%, closing at $23.49. Its options trading volume is 1.1 million. Call contracts account for 58.9% of the whole trading volume.

The losses come after the company's shares surged 112% during a 11-day win streak to close Wednesday at $31.07, their highest price since March 29, 2022, before falling 9.5% on Thursday.

Marathon Digital recently announced the purchase of new mining sites for $178.6 million which will add 390 MW of capacity and reduce the cost per coin mined by around 30%.

$Riot Platforms(RIOT.US)$ shares dropped 12.1%, closing at $15.47. Its options trading volume is 0.36 million. Call contracts account for 68% of the whole trading volume.

Riot Platforms said that it mined 552 Bitcoin in November, representing a 21% increase over October's production.

The stocks may be falling today as investors secure profits on the last trading day of 2023. Both stocks are dropping on heavy trading volume, each having already exceeded its 100-average volume.

Options Market Statistics: Marathon Stock Fell as Investors Secured Profits on Last Trading Day of 2023, Options Pop

Unusual Stock Options Activity

Some notable put activity is being seen in $Match group(MTCH.US)$, which is primarily being driven by activity on the 26-Jan-2024 put. Volume on this contract is 9,995 versus open interest of 185.