I opened 20 lot(s) $MARA 20241227 19.0 PUT$ ,Strong support at 19 after the reversal. As BTC keeps hitting all time high, the strong correlation should push it further higher. Cautious for a short term pull back also to 22
I opened 1 lot(s) $COIN 20241227 230.0 PUT$ ,Cash covered put as usual. It should be a strong level of support and coinbase is probably going to be added to S&P soon
I closed 10.0 unit(s) $MARA DIAGONAL 241220/241129 CALL 23.0/CALL 21.0$ ,Rolling sell call up for $2 trying to capture the stock gain. Yet also collecting premium of $0.61. Volatility is quite extreme now but we should have enough tailwinds to push Mara higher.
I opened 20 lot(s) $MARA 20241227 19.0 PUT$ ,The bounce off from 18 seem to create a strong hold where the 1b worth of institution money is parked. 0% coupon rate convertible bond is crazy. Let's ride this together with the whales
I opened 1 lot(s) $COIN 20241227 230.0 PUT$ ,Abnormally high IV causing the options premium to spike tonight. Sell put slightly lower than my original target of 240 and still getting way more premium than usual.
I opened 20 lot(s) $MARA 20241220 17.5 PUT$ ,Recent strong bounce at 18 shows that it is a strong resistance turned support. Price drop to 18 was largely due to the convertible bond issuance which caused a temporary dip. With the oversubscribed bonds, I'm expecting 18 to hold for the near term..
I opened 1 lot(s) $COIN 20241220 240.0 PUT$ ,Selling cash covered put at support level of 240. Will take quite a lot to press down the price to this level.
I closed 20.0 unit(s) $MARA DIAGONAL 241220/241129 PUT 17.5/PUT 16.5$ ,Closing original cash secured put at 16.5 on 29 Nov. Choosing to push this up to 17.5 and another 3 weeks out for a premium of $1.15 per share. About 6% for this move, quite decent.
I opened 1 lot(s) $COIN 20241220 240.0 PUT$ ,Selling cash secured put at 240. Would need something drastic for it to drop to such a level. Current crypto regulations sentiment is positive. Until the real regulations are put in place then we will know whether it still remains positive