So.. what the fuck happened over at Mara today? Earnings was supposed to be on the 12th... what wasn't priced in for today's drop? ~13.5% sure beats everyone else for the downside. I had been hoping for this to happen to BitDeer this morning... instead it ripped to the upside due to earnings report.
My latest MARA trade. I needed some beer money for tonight so I sold atm. MARA sell 5 Jan31 calls @ 20 for 2.35 Book value: $12,500 Contract value: $10,000 Premium: $1175 Net: -$1325 If expires itm: Total premium: $4590 Total stock pnl: -$1780 NAV: $2810 If expires otm: Total premium: $4590 Total stock pnl: $720 NAV: $5310 @deaddog NAV is irrelevant...let it sort itself out in the wash. The goal is keep the premium coming in. You may recall I originally coined this the Hulk strategy back in 2021 before it became popular with high yield ETFs.
Sell to Open Uncovered MARA 01/31/25 20.00 PUT: US 5 5 0 4.05 4.05 Dec 31, 2024 02:45 PM ET Filled So price was between 17-18...even better! Obviously I am selling at the bid lol...whatever it is at the time...and the bid is determined by supply and demand so you can't really over pay or under sell technically...not in a liquid market.