$Marathon Digital Holdings Inc(MARA)$ MARA's Put Parade: Traders Tiptoe into Caution Territory
The daily position changes in MARA's put options reveal growing market caution. 9.29 alone saw 1,865 new put contracts at $16.5, with nearly 1,200 more added at $17.0. While bullish sentiment still dominates, there's a noticeable uptick in hedging activity.
If the downward trend persists, causing a surge in risk-averse sentiment, we might see the maximum pain point price pulled lower in the next two days.
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