Option Trades (Week 47 - 2024)
I was concerned with $Marathon Digital Holdings Inc(MARA)$ not filling the gap as majority of the other miners had a nice bounce after filling the gap. However, the price movement today showed a strong support after filling the gap and quickly recovered. As part of the monthly income series, selling 1 lots of the following $IREN 20241220 9.5 PUT$ $CLSK 20241220 12.5 PUT$ $MARA 20241220 18.5 PUT$ as part of my proxy play, taking advantage of the current high IV climate for good premiums at roughly 0.30 delta. Used the cash accumulated to continue accumulate my long term holdings.
LFGP!
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Comments
Agree! High IV is good for sellers!