Trading MARA Call Options Through March
I am in this trade and wanted to share the clean set up for potentially big upside.
Let’s start off by congratulating those that got in on the FTNT trade and rolled those calls through earnings for the big gap fill.
We had the FTNT trade called out in the January 20th newsletter, trading last Friday’s options. This worked well enough to allow you to roll those options through earnings.
After a solid earnings report, shares jumped from Tuesday’s open at 66.50 all the way up to 78.74 before cooling off to the top of the gap near 74.50.
Proof that there is still a lot of opportunity for upside trading in this market!
And now MARA looks like it is waking back up.
Instead of a quick 1-2 week trade, I like how the options set up for a little longer duration. Taking advantage of the potential for another big move.
Of course, the direction MARA takes is largely determined by Bitcoin, and Brian Shannon had an interesting post on the subject on Tuesday.
I like Brian’s style and his charts are always worth paying attention to. I do enjoy what he is highlighting here for BTC.
We will see how the next month plays out.
Here’s my plans for MARA:
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