Selling MARA puts for income.
The cryptocurrency mining company is benefiting from a widespread adoption of cryptocurrencies. As the value of coins mined and held by this company rise, MARA’s share price should continue higher. The put option premiums are very high, giving us a chance to collect an attractive amount of income while still leaving plenty of buffer in case the stock pulls back.
- Sell (to open) 1 MARA December 17th $60 put
- Limit: $4.90 or more
- The new position will represent roughly 5.9% of our model.
- 12:49 Executed
- Sold 1 MARA Dec 17th $60 Put @ $5.05