Weekly Wiretap Pick Of The Week MARA

MAX Trade Potential: 66%

My Trade Plan Details:

• MARA April 17 $9 calls around $1.60 to $1.80 area

• Stop: MARA Close below $8

• Target 1: $11
  
• Target 2: $12
  
• Target 3: $14
  

My Reasoning:

Last week I think was a great week to look at MARA puts with the markets just starting to dive and bitcoin getting crushed, this week I think markets will find a bottom and I think bitcoin will find a dead cat bounce, which I think will go well for MARA.

We talked last week how MARA had open range back down to $9 or maybe even high $8s before hitting any bigger support levels. This morning MARA fell to $9.50 and has since bounced.