Whales with a lot of money to spend have taken a significantly bearish position Cleanspark.
I’m looking at the options history for Cleanspark CLSK we detected 29 operations.
If we consider the specifics of each operation, it is correct to say that 44% of investors opened operations with bullish expectations and 55% with bearish expectations.
Of the total transactions spotted, 7 are puts, for a total amount of $349,044 and 22 are calls, for a total amount of $1,082,306.
Expected price range
Based on trading activity, it appears that major investors are targeting price territory ranging from $2.5 to $30.0 for Cleanspark over the past three months.
Insights into volume and open interest
Examining volume and open interest provides crucial equity research insights. This information is critical to assessing liquidity and interest levels for Cleanspark options at certain strike prices. Below, we present a snapshot of trends in volume and open interest for calls and puts in significant Cleanspark trades, within a strike price range of $2.5 to $30.0, in the last month.
Snapshot of 30-day Cleanspark options volume and interest
Largest options trades observed:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CLSK | CALL | SWEEP | BULLISH | 06/21/24 | $12.50 | $124.2k | 2.1K | 175 |
| CLSK | PUT | SWEEP | NEUTRAL | 01/17/25 | $30.00 | $115.9K | 8 | 0 |
| CLSK | CALL | TRADE | NEUTRAL | 01/17/25 | $2.50 | $114.4K | 8.7K | 81 |
| CLSK | CALL | TRADE | BULLISH | 03/15/24 | $17.00 | $74.8k | 1.8K | 1.0K |
| CLSK | CALL | TRADE | BEARISH | 03/15/24 | $18.00 | $68.0K | 2.9K | 1.5K |
About Cleanspark
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc. and the Company’s wholly owned subsidiaries, the Company mines bitcoin. The company entered the bitcoin mining industry through the acquisition of ATL. Bitcoin mining is the company’s only reportable segment.
In light of the recent options history for Cleanspark, it is now appropriate to focus on the company itself. Our goal is to explore its current performance.
Where is Cleanspark located right now?
- With volume of 18,727,521, CLSK price fell -0.45% to $16.5.
- RSI indicators suggest that the underlying stock may be approaching overbought.
- The next earnings are expected to be released in 62 days.
Expert opinions on Cleanspark
Over the past month, 3 industry analysts have shared their views on this stock, offering an average price target of $26.333333333333332.
- Consistent with their assessment, an analyst at Chardan Capital maintains a Buy rating on Cleanspark with a $26 price target.
- An analyst at Chardan Capital insists on a Buy rating on Cleanspark, maintaining a $26 price target.
- An analyst at HC Wainwright & Co. decided to maintain a Buy rating on Cleanspark, which currently sits at a $27 price target.
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