Short squeeze dynamics at play in Marathon Digital Holdings. Shares up $1.17, or 28%, today near $5.26 with call volume 5x normal at 185K contracts, vs 51k puts. Jan 13th 5 strike calls lead the flow with 19k contracts trading from 8c to 53c in relatively small lots. June 15 calls also active with nearly 19k contracts, including a market-maker buyer paying 27c for 2200 in a sweep as shares traded $5.05 Marathon shares are up $2, or 62%, since Dec 31st and very hard to borrow with an implied rate near 31%.
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Published first on TheFly
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