MARA trade ideas
Where to find support?MARA is in between support and resistance.
If Bitcoin gains momentum we could see resistance at the black ATH line around $50.
If Bitcoin cools off more we could encounter support with MARA against the 20 EMA 1D and the ATH descending trend line. Careful to watch the MACD - another down day today could start the end of week sell off.
Short Term target is the blue trend line and new ATH. IMO If your long, no problem. Just wait and be patient until we reach target and see what the TA is signaling.
Good Luck
MARA is my favorite swing stock! I’m fairly new to trading but so far I keep buying the dips are MARA and then selling when it gains 15%-20% then when it dips again I do it again. I missed on on this last bull run to its newer high because I sold at $43 which was my target exit. It’s looking like $43 might be my next entry if this bull trend continues as noted by the yellow trend line!
MARA takes breather for higher levelsLook for short term target of BLUE Trend Line.
If Bitcoin is still climbing with new ATHs, then GREEN UPPER Trend line is in play for profit taking in the short term.
Look for support at previous ATH (near $51.50) and deeper support at the black line ($49.90) as previous ATH (Fib) and previous resistance.
MARA is looking great. Buy those dips, there is room to range higher.
IMO Target is trend line $70-$100 (depends on when we touch)
Good Luck
$MARA pumping but bitcoin losing steam? smells like opportunityquick idea. declining volume, stagnating bitcoin price. ATM puts 2-3 weeks out from expiry look attractive for a quick play.
I still think bitcoin has one last trick up it's sleeve, but it's not going parabolic just yet.
PT: $48
this is not financial advice; I am not a financial advisor. Trade at your own risk.
$MARA ABCD Short set up Watching, price action for short set up, this is would coincide w $btc & $eth short harmonics i posted. Thanks for checking it out
Let MARA come down, then buyI watched a very encouraging interview that CEO Merrick Okamoto did, and I must say I am pleased with the direction that this company is heading.
After the rip from yesterday, we now know that retail investors are prepared to break all-time highs, without the same-day regression.
I love this company long, so I will be buying once my first support limit is triggered, and again at low support.
This stock is highly tied to the price of bitcoin, so if you think that is only going up from 58k, buy now!
If you like the concept of bitcoin mining, nobody in North America does it at this scale.
My personal belief is that Bitcoin needs to come down below 50k in order for the market sentiment to shift on the 50-60k level. People need to realize that it's either worthless or worth a hell of a lot more than 58k.
This stock will break the $100 level again in the next 3 years. If you want a long-term hold that you don't have to look at every day (you may stress yourself out), then hold this.
Let it come down and then I recommend having a close look, or buy now and enjoy the profits long-term.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
MARA: Ascending Triangle (91%), Bullish pennant (97%)Primary Target:
Ascending Triangle (91%)
PT =95.57$ (higher than secondary)
Secondary Target:
Bullish pennant (97%)
PT =85.60$ (Lower that primary)
MARA, be ready at 50 .To make it simple:
Few months ago I was asserting that MARA is going to 5 bucks! Now I think we can expect 50$.
Bitcoin has short term circles , rise hard and drop lesser hard, so is MARA, with higher lows.
Now I think the bullish short term circle is back, and this is going to above 50, if we get over 45 resistance and Bitcoin is making a new ATH. Right now, the volume is small, and no FOMO...
But I am not expecting it to touch 60 or 80 for now, as many argued. Only to above 50$. And 50 is a historical resistance at least since 2015... Please comment if you are interested. Thanks
Date Night For MARA We'll get Hibachi for 70.00Not financial advice.
"I can cook,clean, and treat a woman like a queen"
Legalizedhustler
Highly correlated to BTC price so a 3%-5% reduction in bitcoin price is equivalent to 15% loss on all alt coins and mining/crypto exchange related stocks.
So be prepared for substantial pullbacks any given day.
Pretty much same as I updated before where I had the buy at 32.00
If you followed that chart. You bought at good point of 32.00 don't be greedy sell at 64.00 if u bought at 32.00.
Keep ur house $ in and buy the pullbacks.
Retested 32.00 range came to 30.00 and bounced off it
Still aiming for 70.00 Target.
Support the legalizedhustler
#hustlabynature
#financialnostradamus
#poorfromtheoutside
Soon to be cccllc
Bullish SwingSolid support and resistance points where price has moved double to triple in matters of four to 10 days.
MARA Double bottom reversalExtremely bullish on MARA with the market showing signs of life I expect this to be another great week for $MARA.
$MARA strong close above the trend lineFriday we saw $MARA making a strong consolidation above the trend line. We should be hearing more news in regards to new miners being set up. Along with $btc making a strong push this week, $MARA has a lot of great things going it’s way.
MARA $43 this week. ATH late AprilMARA has been trending upwards beautifully in this upward channel with multiple bounces off the top and bottom as well as the median of the channel.
The top line of the triangle converges perfectly with the median of the channel as well as a key resistance level at $43.30 on April 6th. From there I expect to consolidate a bit within the channel and triangle until we break out of the triangle in mid-late April for ath.
Thus is a conservative estimate. MARA may break out of the triangle this week, and if so, we can see ATH very very soon.
When To Take Profits on Options I’m Markus Heitkoetter and I’ve been an active trader for over 20 years.
I often see people who start trading and expect their accounts to explode, based on promises and hype they see in ads and e-mails.
They start trading and realize it doesn’t work this way.
The purpose of these articles is to show you the trading strategies and tools that I personally use to trade my own account so that you can grow your own account systematically.
Real money…real trades.
Options trading is really fascinating, and it’s a great way to make money, and I think it is very important to know when to take profits, especially if you like trading The Wheel as I do.
So the question is, when should you take profits when trading options?
How exactly do you figure this out, is there a formula for it?
In this article, I’ll share some guidelines for how and when you should take profits on an option trade.
We will answer the question of whether you should let options expire or take profits early.
I will show you some very specific examples of two trades that I have going on right now (at the time of this writing on March 17th, 2021).
One of them, I took profits today, and the other one I’m still holding on and I will show you exactly why.
]How To Calculate Profits On Options
Firstly, let’s talk about how to calculate profits on options. In order to address this, there are two types of options traders.
One type of options trader are ones that are buying options, and the other, which I feel is very lucrative, and this is what I’ve been doing for a long time, is selling options and collecting premium.
I want to actually talk about selling options and receiving premium, because this is, as I said, what I’ve been focusing on recently with trading The Wheel Strategy.
My year-to-date profits on this account so far are more than $54,000 selling premium on options, and I’ll show you exactly how to do this.
So when selling options, you’re receiving premium, and for me, the most important metric here is the so-called premium per day or PPD.
MARA Example
The first example that I want to give you is my position with MARA. Looking over my transactions with MARA over the last 30 days.
I sold puts at a strike price of 20, and for this, I received $0.28 in premium per option that I sold. Now options come in 100 packs, so this means that per option I made $28.
Now, in this specific example, I sold 50 options total, so this means that I’m receiving a premium of $1,400. I put this trade on March 10th, and these options expired on 3/19.
This is $1,400 in premium in 9 days. This comes to $155.55 in premium per day, or PPD.
Now this includes weekends.
My rule is I’m buying back the option when I can get 90% of the maximum profits, but there’s an exception to this rule.
First, let me tell you what that means.
So again, I sold each contract for $28, for $0.28. The idea is to buy back the option at $0.03, and this is exactly what I did today (March 17th).
So we have another two days to expiration.
So today, I bought back a total of 50 contracts at $0.03, and by doing so I made $0.25 in profits on MARA.
Now, this is where again, we’re looking at 50 contracts, times $25, so this is $1,250. I was in this position for 7 days.
So $1,250, divided by 7 days, means that I made $178.57 a day.
Let’s just round to $179 per day. As you can see, $179 is more than the $155.55 that I planned per day.
Now let’s think about it. If I would keep MARA right now, if I would keep this option until expiration, but what would happen?
I would make an additional $150 in three days. This means that now my premium per day is only $50 per day.
This doesn’t make sense to me because this here is actually bad, because my plan was to make $156 per day, and I was able to make $179 per day by buying the options back.
If I would hold on to this trade and let it expires worthless. So this is where here, and let it expire worthless, right?
This is what would happen. I would make an additional $150 in three days and the premium per day would only be $50. That does not make sense to me at all.
This is why here in MARA, it made sense to buy back the put option because by doing so, it frees up buying power meaning that now I can sell more puts.
So the idea here is that I’m selling more puts and making more money on the new puts than I would make holding on to MARA.
DKS Example
Let’s go over another example with a position I have right now with DKS .
I sold the 66 strike on March 10th. I sold 15 of them and I received $75 in premium. 15 contracts times $75 comes to $1,125.
So let’s do the math right now and see if it makes sense to close this trade today (March 17th) or if we should keep it, and we’re using very similar logic here.
So we sold the 66 put expiring March 19th, and we received $75 per contract for it, $1,125 total.
We then divide this by 9 days to get to our premium per day, which is $125.
So right now, on March 17th, let’s see how much DKS is still worth.
Right now, the bid/ask for DKS is $0. 05 over $0.10, and that’s really interesting because I want to buy it back at $0.07.
Let’s say right now, if I would place an order right now, I could buy it back at $0.10. Should I do it?
If I did this, I would make $75, minus $0.10 ($10 per contract), which is $65 per contract. For all 15 contracts, I would make $975.
We find our PPD by dividing $975 by 7 days, which comes to $139. So if I really wanted to, and if I needed to free up some buying power, I could do this.
But let’s see what happens if we hold this for a few more days. So if we hold DKS until expiration, we can make an additional $150.
It might actually make sense to close it out because $150 over the next three days does not make a lot of sense.
When I looked at the option earlier, DKS suddenly jumped from 78 to almost 79.
This is a 10% jump in 30 to 45 minutes.
When we opened this morning, first, we went down, and then we went a little bit up, and then we were hovering right around where we opened.
Earlier this morning, the DKS put was trading at $0.25.
So the question is earlier this morning, would it have made sense to close it? Earlier today on March 17th, I could have bought it back for $0.25.
So that wouldn’t have made sense, right? Because then if I’m buying it back for $0.25, I would only make $0.50.
So this here, $0.50, this is then $750 in seven days, and if we divide $750 by 7 days, this is $107 premium per day.
As you can see, the $107 premium per day is less than what I expected. If I would hold DKS to expiration, we can make an additional $0.25, $25 times 15 contracts is $375.
Now, if you take the $375 in 3 days, that would be $125 premium per day.
So when I’m getting $125 premium per day, this is when it does not make sense to sell it just yet.
Should You Take Profits Early?
So this is the important thing because the question always is, do you take profits early, or hold until expiration? Well here’s my formula for this.
So I want to give you a very specific formula that you can use if you want to.
If the current realized premium is a premium per day, PPD, is larger than the planned PPD, this means close it out early.
If the remaining premium per day is smaller than the planned premium per day, close it.
Only if the current realized premium per day is smaller than the planned premium per day, in this case, hold it.
If the remaining premium per day is larger than the planned PPD in this case, you want to hold it.
Summary
This is why today I wanted to show you my formula for when to take profits on options, especially when you are an options seller.
You see, selling options and receiving premium is what we do with The Wheel Strategy, and the most important metric here is the premium per day (PPD).
This where using the PPD, you can actually get down to a formula of when exactly you should buy or sell.
This is where it’s just a good rule of thumb if you don’t want to do all these calculations.
So the rule of thumb is I close a trade when I can realize 90% of the maximum profits.
Long on MaraLooks like a good bounce off the channel support line, so any reversal back below this support will cancel my active trade
Not financial advise, just my own ideas
MARA BROKE CRITICAL LEVELMARA broke and retested the resistance level for an intra-month rising wedge which is a bearish signal. Unless we see Bitcoin bounce at these levels (which is unlikely) MARA can easily head down to $35, a previously strong level. At that point we can expect to see a bounce with buyers taking control again. Long term I can see both MARA and RIOT breaking $100 this year but short term things are a little more choppy.
MARA Marathon Digital Holdings $70 option callsInvestors in Marathon Digital Holdings, Inc. MARA need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 16, 2021 $70.00 Call had some of the highest implied volatility of all equity options today. (zacks.com)
The indicators are still looking bullish on the daily, despite today`s correction.
So is MARA a still a buy???
Market Cap 3.879B
I am looking forward for your opinion to make a decision myself.
If you missed my comparison to EBON:
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