Closing our MARA puts to manage risk and free up capital for new plays.
Shares of MARA are trading a bit below our $10 strike price. But fortunately, our put contracts are trading slightly below our entry price.
This gives us an opportunity to go ahead and buy out of this promise, locking a small gain. That way we can avoid the risk of MARA moving further below our strike price, and free up capital for new opportunities.
- Buy (to close) our MARA June 17th $10 puts
- Limit $1.40 or less
~~~~~~ - 10:39 Executed
- Bot MARA Jun 17th $10 Puts @ $1.37