Option Strategies: MARA& WDFC

Hello everyone! Today i want to share some option strategies with u!

1.

$Marathon Digital Holdings Inc(MARA)$ getting close to 17, which is its 200EMA. Looks to be establishing a base around this 17-18 level.

Opened a long trade on it to play a post-halving price pump if it happens.

Also got Apr 19 17p in play that am happy to take assignment on if it happens. This will add to our long position.

- BTO Jun 21 exp 31 strike calls

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2.

Kicking off this earnings week with an optionselling trade on $WD-40(WDFC)$ . Sold-to-open Apr 19 exp 200/195 put credit spread. That 200 level was a previous consolidation level leading up to earnings in Oct 2023.

So, gonna take a position there even though the 200EMA is at 233 and the expected move drops right around the 200EMA.

Contemplating selling a 330/340 call credit spread as well since ATH is around 320 and that was back in 2021.

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  • Erness
    ·04-10
    The way you break down the option strategies for MARA and WDFC is super clear.
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