$Marathon Digital Holdings Inc(MARA)$ Put Option Daily OI tracking:
The daily dynamics of Put option open interest explain why the maximum pain point remains at $15.51. Over the past three trading days, Put options have consistently accumulated in the $14.0-$15.5 range. Despite the recent upward trend, Put options haven't decreased as one might expect. Instead, some traders continue to hedge against a potential pullback after the recent gains, steadily increasing Put option holdings. Notably, at the $15.5 strike, 1,313 new Put contracts were added. These factors contribute to the stickiness of the maximum pain point.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments