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amfunk
Apr 15, 2021 11:06 PM

Please Let this be Support for MARA Long

Marathon Digital Holdings, Inc.NASDAQ

Description

Green candles closing above a long bullish trendline. Similar action around the start of March.

Looking to sell 40p 4/23 and beyond. Maybe grab a few calls idk.
Comments
dfrangiadakis2135
I think you need to place that trendline lower
amfunk
@dfrangiadakis2135, agreed, my original trendline was off the two lows on March 5th and 25th. But then I drew another one corresponding to the 20day sma based on the daily time frame.
pechi123
Then you've did something catastrophic, naked puts WTF!
amfunk
@pechi123, thankfully, this was done after Friday market close. I'm going to reaccess this going into Monday, see if it can go lower to my original support lines that were lower. Also, I didn't clarify but so far, I'm only doing CSPs, or cash secured puts. No naked options just yet.

edit: done as in planning. If I'm ever charting towards the end of the week, it's usually for the next week to prevent premature entries. I've learned that it's better to wait for a confirmation of reversal, than trying to catch the bottom.
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