$Marathon Digital Holdings Inc(MARA)$ MARA's options expiring this Friday have maintained a maximum pain point at $15.5 since September 12th (precisely $15.51, with 133,154 open contracts). Despite expectations of bullish activity pushing this point higher, the steep increase in open interest over the last three days hasn't moved it. This isn't a strong bullish indicator.
While Friday's close might exceed the maximum pain point, it's likely to be only slightly above $15.5, not justifying a fully bullish outlook.
For me, I expect open interest to continue rising sharply. However, moving the maximum pain point would require a significant volume—tens of thousands of contracts.
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