Analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week, I would consider purchasing the 8usd strike price in the money Calls with an expiration date of 2023-11-10, for a premium of approximately $1.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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MARA traded at $10.44 after earnings, and the Calls went up from $1.50 (when I wrote this article) to $2.44 on the expiration date for a decent 60% gain!
I have been DCA into the April 2024 $15 calls for 2 weeks now. Currently up 70% on them, I think those will fully take advantage of the Bitcoin ETF approval I think will happen in early 2024, as well as the bitcoin run up prior to the halving.
I have been trading MARA since 2018, love this ticker & right now is a huge opportunity with the recent price divergence. Let me know what you think about the longer dated calls on mara. I personally think this is a great risk / reward home run opportunity, have been going pretty heavy!