I got puts on MARA with a strike price of $21.50, expiring next Friday.
only 800 bucks worth, but lets see what happens. As I have been consistently saying. I am not a big fan of how overbought we are, when it is fine if we drop a couple percent. On BTC kind of, but more so the indices and especially MARA.
I still think the fair value for MARA should be around 21-22.5. Not all the way up at $25.
I am not really trading on BTC dropping, but sitting at worst and MARA being overbought and pulling back a bit.
From a BTC standpoint, I would not short here.
only 800 bucks worth, but lets see what happens. As I have been consistently saying. I am not a big fan of how overbought we are, when it is fine if we drop a couple percent. On BTC kind of, but more so the indices and especially MARA.
I still think the fair value for MARA should be around 21-22.5. Not all the way up at $25.
I am not really trading on BTC dropping, but sitting at worst and MARA being overbought and pulling back a bit.
From a BTC standpoint, I would not short here.