Profit Previous Month: 2028.00 USD - Profit Current Month: Oct 2024 : 331.00 USD - Updated 15/11/24 - Details in Trade Report
$MARA trade explained
I have been trading MARA multiple times this year.
The position I had until this morning was a short naked put that I sold on Sep 13th, strike $10 with expiration on Nov 18th for a credit of $1.45
MARA has been going down the last weeks and was selling around $10, and with a short rise of about 3% this morning, I sold an extra call at same expiration with strike price of 17,5 to lower my overal delta on the position to 0.20; It gave me an extra credit of $0.42, bringing the total credit received on this 10 – 17,5 strangle position at $1.87
I believe in good timing when adding a position : sell puts after a down move and sell calls after an up move. The credits are larger too!
My plan :
With a strangle position on, I intend to roll the put aggressively when the stock would go up and near the 17.5 call position. Keeping the delta under 0.25
This stock is linked to the price of crypto, because Marathon Digital Holdings is a digital asset company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States.
I am crypto minded and a believer in the long run so I wouldn’t mind to buy the stock at a low price, but the main idea is to keep rolling if it would go against me.