I closed 1 lot(s) $MARA 20240531 18.0 PUT$ ,I am relatively new to trading this stock, but seeing many traders in the Trade feed successfully trading options with it caught my attention. After conducting a brief research into its fundamentals and technicals, I decided to try option trading on this stock by selling Cash Secured Put options. The high volatility of this sub-$20 stock offers attractive premiums, making the risk vs. reward ratio quite tempting. My first option expired worthless, allowing me to keep the full premium. I have opened two more options a few days ago, which will expire next week. I will continue to monitor its price action closely. The stock has been in a bullish channel since mid-April, staying above most of the EMAs and being supported by the 50EMA. It is likely to remain above $18 in the near term. I will continue to monitor the price action and plan to open new put options at key support levels.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.
Thanks. I’m in!