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Marathon Digital Holdings Inc

Marathon Digital Holdings Inc (MARA)

21.21
1.13
(5.63%)
Closed May 25 4:00PM
21.16
-0.05
(-0.24%)
After Hours: 7:59PM

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$Green$ $Green$ 15 hours ago
Phew!
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$Green$ $Green$ 16 hours ago
Sold them bought calls btc pumping
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$Green$ $Green$ 16 hours ago
Just bought some puts on that pop from consumer sentiment report and set tight stops
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Going_4_It Going_4_It 1 day ago
Obviously, I sold my PUTs a day too soon.

How was I to know today would be the worst market day in over a year.

When things like this happen I always remember what J.P. Morgan once said:

"No one ever when broke taking a profit."
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$Green$ $Green$ 1 day ago
I took profits keeping one put the premiums are super high now tho
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$Green$ $Green$ 1 day ago
Shes really pukin now huh
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$Green$ $Green$ 2 days ago
Nice work! I just got a few more puts
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Going_4_It Going_4_It 2 days ago
Sold my $21 PUTs for about a 30% gain.

The $23.50 CALLs I sold are still out-of-the-money.
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$Green$ $Green$ 3 days ago
Closed puts for now
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$Green$ $Green$ 3 days ago
That was quick and easy wow
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$Green$ $Green$ 3 days ago
Wheeeee
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$Green$ $Green$ 3 days ago
See u @ 21.20 boys
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$Green$ $Green$ 3 days ago
Nice dump
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$Green$ $Green$ 3 days ago
Dump it
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$Green$ $Green$ 3 days ago
This zone $22.30+ is a good spot to buy a few puts or sell a few calls imo but set stops
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DR_rugby DR_rugby 3 days ago
EOM for swing reversal

Maybe

GLTA
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$Green$ $Green$ 4 days ago
Yes good call. I’m content with taking whatever profits MARA gives me, and just happy to play the next wave
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Going_4_It Going_4_It 4 days ago
I am lovin' the volatility in MARA.

It has a certain rhythm to it which is somewhat predictable, based on the price of Bitcoin and the general stock market movements.

My $21 PUTS are now up 39%. This move down in share price will not last so I will be out of this position very soon.

As they say, "Pigs get slaughtered..."
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$Green$ $Green$ 4 days ago
Could go back to $20 today
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DR_rugby DR_rugby 4 days ago
Timing is key

Due note

The system rules are changing

Risk assessment is due for review

39m leaps due 28june

GLTA
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DR_rugby DR_rugby 4 days ago
Rowing at the same speed

Pigs get slaughtered

Couple things too note

The rules of the game are changing

T1 And CAT

See what happens

GLTA
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Going_4_It Going_4_It 4 days ago
I followed your lead and bought five $21 PUTS out to May31

I am already into profit by 8%, which is a good start.

It looks to me that the markets are stalling out, and we shall see some profit taking.

A gigantic move in the stock market last Friday with DOW breaking 40K for the first time.

And Bitcoin had a nice run today, up 6% on the day

IMO, I think everything has gone a little too far too fast and now Over Bought.

We still don't know the effect of the Halving, until the production numbers for May come out in early June.
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$Green$ $Green$ 5 days ago
What! A! move! Unloaded some calls alrwady too much profit to sit on
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DR_rugby DR_rugby 5 days ago
It’s looking like

2021 Jan

Just needs some More Grit

GLTA
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$Green$ $Green$ 5 days ago
BIG day let’s go!!!
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$Green$ $Green$ 5 days ago
Starting off the week decidedly to the upside here
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Going_4_It Going_4_It 7 days ago
Thanks for the tip about Auradine. I was not aware of the connection.

They're a private company seeking private investment. So other than their connection to Marathon I am not particularly interested. But I will check out their products.

In the corporate world desktop computers get replaced on average about every 3 years. But the lifespan of these ASIC miners seems to be measured in a few months.

Seems all of the miners are trying to drastically increase their hash rate at the same time. I see many orders for tens of thousands of virtually the same model. Many Millions of dollars being spent on hardware upgrades. And I am sure those will be replaced in a few months when an even better product is announced. I wonder where all the old ASIC miners go. Surely they don't get scrapped.

Marathon is also into Immersion Cooling. Some miners overclock their machines to get a higher hash rate, which generates a lot of extra heat and shortens the lifespan. And if the data centers happen to be located in Texas or other warm climate then I think liquid cooling will almost be a requirement.
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Candlestick_Ninja Candlestick_Ninja 7 days ago
Slightly updated trajectories in my opinion reveal that essentially we end up in the same spot over the intermediate term, but the short term varies, the longer term is obvious we are heading down and won't pierce above 73k, if we do 77-80k temporarily only IMO!

https://www.tradingview.com/chart/BTCUSD/Fhlq2oS6-A-Crypto-Dance-of-Trajectories-with-the-Same-Outcome/

#btc #bitcoin #crypto #blockchain

Disclaimer: These posts like all others in the past and future are for info and educational purposes, they are a toolset to compare against yours and the other analyses you have considered, in order to form your own due dilligence based determination. Investment advice is a paid service, so even without this disclaimer it should be assumed (we are all grown men and women I suppose)
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dale1953 dale1953 7 days ago
MARA is also invested in Auradine which is a Bitcoin Miner manufacturer and Fred is on their board of directors.
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DR_rugby DR_rugby 1 week ago
Agreed

Similar trends as Jan 2021

As Bitcoin was going up

So was Mara

Did they have shorts that they could not cover?

Then wrapped em up with 39m leaps??
At the Options Clearing Corporation

For 28 June 2024 delivery

The base PPS is now 20.50$

Is 3x possible??

Time will tell the tale

Next week will have a nice direction for that trend confirmation

GLTA
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Going_4_It Going_4_It 1 week ago
Interesting observation.

To the best of my information Marathon does not have any GPUs for mining. They are strictly into ASIC Miners, and they have more than anyone else, except for perhaps Core Scientific. So Marathon is one of a few miners that are not pivoting toward HPC (High Performance Computing) in support of A.I. applications. And until recently they did not own most of their data centers. They opted for co-hosting thru other Data Center companies.

Marathon has the absolute largest HODL of Bitcoin at over 16,000. So they have abundant financial resources to move in any strategic direction they choose.

Currently Nvidia has a strangle hold on the GPU market for HPC for A.I and less so for Mining. Up until late last year Intel was developing a chip for Mining. But they dropped the project with out explanation. And AMD has a new chip for mining that will be released soon. It is supposed to be much more energy efficient that the Nvidia chips. So that will have some impact on the mining biz. It would not surprise me if Marathon started building their own machines optimized for Immersion Cooling.

And finally, Bitdear Technologies Group (BTDR) of Hong Kong, has developed their own chip for mining and will offer it only in completed machines. It is also supposed to be very competitive with regard to energy efficiency. It is just now coming to market.

So Bitcoin Mining, HPC, Artificial Intelligence, and Chip Design all seem to be joined at the hip and closely intertwined in various ways. For me that makes it very interesting for investing. A.I. is certainly Red Hot as an investment segment. And Bitcoin Mining is great for cash and profit generation. And both depend completely on advances in semiconductor chip design.

Good Luck to All Longs.
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$Green$ $Green$ 1 week ago
Looks like MARA decided to start tracking Nvidia stock price instead of Bitcoin price here
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Going_4_It Going_4_It 1 week ago
I do agree that there is danger in this option position. That makes it more excuiting.

The VIX (CBOE Market Volatility Index), has been way down lately. It is the index that determines how lucrative the options market is. So this is a relatively dangerous time to be selling or buying options.

So I have been forced to set my option exercise price lower than usual. Since the beginning of the year I have been setting it at $26 for MARA which has been safe so far. The thing is that the miner stocks are a proxy for the price of Bitcoin. So they go up and down regardless of what the stock market does.

With the exception of one Nuclear Energy stock, I am 100% invested in Bitcoin Miner stocks. And of those Marathon has the absolute widest dynamic range of share price which makes it the most productive for my needs. My goal is cash generation. As far as I am concerned the U.S. Dollar will always be King.

I either get a little bit of money from the options expiring worthless, OR a big pile of cash if the option gets exercised. Either way I win. With the volatility of Bitcoin, intertwined with the general volatility of the stock market, I am 100% certain I will be able to buy back the shares, and usually at a price that is less than where I bought them earlier.

As far as I am concerned the most important goal in investing is to have fun doing it. It is a mental challenge that keeps my brain sharp and gives me the opportunity to Win at something. If not for investing and trading then life would suck even more. I am in the final chapter of my life so I am prone to worry about everything. So playing around in the markets is kind of my Safe Harbor. I don't necessarily need the money; I just want to Win and have fun doing it.

Pardon me for being so verbose but I have absolutely nothing better to do than hang out on the net and post here while I am watching the markets.

Good Luck to All Longs.
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$Green$ $Green$ 1 week ago
Bought more round of calls here @ $19.77
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$Green$ $Green$ 1 week ago
Bought calls for next week just now. Looking to unload them early next week for profit if possible
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$Green$ $Green$ 1 week ago
I think those calls are in danger of being in the money next week tbh
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$Green$ $Green$ 1 week ago
Now look for the slow walk again. Thinking this weeks candle is already drawn. Next week will be bullish if it breaks that $21 ceiling
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$Green$ $Green$ 1 week ago
That was good enough for me. I’m very short term lol
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Going_4_It Going_4_It 1 week ago
Good move! I hope you win.

I noticed that MARA finally outproduced CORZ in April so maybe their fortunes are improving.

May production numbers will be very revealing.

I sold MARA Calls @ $23.50 that expire on 5/31. So far I think they are safe.
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$Green$ $Green$ 1 week ago
Got puts now, lets go and dip below $19
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$Green$ $Green$ 1 week ago
That was it. Sold that top @ 20.60 boom
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$Green$ $Green$ 1 week ago
There it is @ $20
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$Green$ $Green$ 1 week ago
Looking for a 4am Bitcoin pump. I picked up some calls expiring tomorrow
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DR_rugby DR_rugby 1 week ago
As gecko once said

A fisherman can see

another fisherman from afar

As a fisherman

It takes the right bait and timing is also a little key to the puzzle of catching the big one

And Patience

GLTA
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DR_rugby DR_rugby 1 week ago
Go back and check 3 years ago

Then add 3 months

Then think about Leap contracts thru the

Options Clearing Corporation

And then let me know what you think

History repeats and ryems

LePs close on
28june
End of Dec
End of Jan

Go back and check it out

What happened 36m ago then push 90 days

And it’s repeates unless they get it to go BK

See

GLTA
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$Green$ $Green$ 1 week ago
Can’t fight the mm slow walk if they wanna lol
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$Green$ $Green$ 1 week ago
Great post you are right. I like your strategy
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Going_4_It Going_4_It 1 week ago
Respectfully, I do not agree with your assertion of "Only way to make money on this..."

Marathon is my largest position and I have owned it since early 2023. I add to it when the price is low and I have NOT sold a single share even though my position is in the RED lately. Instead, I have been selling Covered Call Options against my position. I have done it successfully 11 times and have won every time.

I get paid in cash when I pull the trigger. I don't have to wait on anyone else or the market to do anything. The MARA options have weekly series so I can sell options every week. They expire worthless on Friday and I can sell them again for cash on the following Monday. The primary advantage that I see in following this method is that THIS miner stock has the widest dynamic range of price of any Miner stock I own.

Of course, being a Bitcoin Miner STOCK it follows the stock market. But THEIR product is Bitcoin so it also follows the price of Bitcoin. Every month there are at least two opportunities to pull cash out with my strategy, without selling any shares. I own a total of nine miner stocks and I use the strategy on every one of them.

The elementary truth about options is that BUYING options is extremely risky, and most transactions fail. But selling "covered" options is very safe and can be extremely lucrative. It is almost like free money. The trick is to pick the right Option Exercise Price so that the option will NOT get exercised but will expire worthless, and you don't lose the stock. Wash, Rinse, Repeat endlessly. Choosing weekly options means my position is NOT exposed to market ebb and flow that long. Of course, this strategy requires some Due Diligence and some patience, factors that, I assume, most people are just not capable of. Or perhaps too much work involved. Picking the right stock is the hard part but selling the options is very easy.

Once in a rare while I reach out and try to explain my nearly full proof strategy for making money. But it seems like most people are just too lazy or just don't care, because I get no response. I might as well be talking to the wall. Anyway, this is my way to financial success and it is working very well for me.

Good Luck to All MARA Longs!
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$Green$ $Green$ 1 week ago
Watch it go back to $20
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$Green$ $Green$ 1 week ago
Now the MM got everyone out of calls. Time to walk it up lol
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