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Friday, May 17, 2024 2:17:58 PM
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.
Recent MARA News
- Ethereum Drops 6%, Bitcoin Conference Tickets Soar to $844,600, New TON Wallet Enables Gas-Free Transactions • IH Market News • 07/25/2024 08:07:18 PM
- MARA Purchases $100 Million of Bitcoin • GlobeNewswire Inc. • 07/25/2024 12:05:00 PM
- Ethereum ETFs Debut in High Demand, SingularityNET Invests in Supercomputer, dYdX Faces Security Issues • IH Market News • 07/23/2024 08:36:42 PM
- MARA Schedules Conference Call for Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 07/18/2024 12:05:00 PM
- Bitcoin Surpasses $63K, Miners Accumulate, Exchanges Limit Brokerage Fee Discounts • IH Market News • 07/15/2024 07:32:17 PM
- Crypto Market Sentiment Dives, PancakeSwap Launches zkSync Reward • IH Market News • 07/05/2024 06:33:10 PM
- BTC Falls Amid Market Pressure, Bittensor Suspends Operations, Consensys Enhances MetaMask Security • IH Market News • 07/03/2024 04:49:45 PM
- MARA Announces Bitcoin Production and Mining Operation Updates for June 2024 • GlobeNewswire Inc. • 07/03/2024 12:05:00 PM
- CleanSpark Acquires GRIID, Marathon Digital Mines Kaspa, VanEck Proposes Solana ETF • IH Market News • 06/27/2024 07:45:08 PM
- Marathon Digital Holdings Announces Kaspa Mining Operations • GlobeNewswire Inc. • 06/26/2024 08:05:00 PM
- Standard Chartered Launches Bitcoin and Ether Trading Desk; Marathon Digital Heats Finnish City • IH Market News • 06/21/2024 06:36:31 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 06/20/2024 01:00:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/15/2024 01:43:48 AM
- Robinhood Acquires Bitstamp for $200 Million, Binance Reactivates Mastercard Purchases, and More Crypto News • IH Market News • 06/06/2024 07:37:01 PM
- Bitcoin Surpasses $71K Mark as US Bitcoin ETFs See $886 Million Influx, and More in Crypto • IH Market News • 06/05/2024 07:24:57 PM
- Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for May 2024 • GlobeNewswire Inc. • 06/05/2024 12:05:00 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 05/24/2024 08:57:52 PM
- Marathon Digital Holdings Enters into Agreement with the Ministry of Energy and Petroleum of the Republic of Kenya To Enhance Kenya’s Energy Sector • GlobeNewswire Inc. • 05/24/2024 03:23:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/15/2024 07:50:51 PM
- Inactive BTC Wallets Transact $62.8 Million, Degen Chain Faces Shutdown, and More Crypto News • IH Market News • 05/13/2024 05:04:14 PM
- Weekly Surge for Render and Toncoin, US Bancorp Expands Bitcoin ETF Investments, and More in Crypto • IH Market News • 05/10/2024 07:32:06 PM
- JFrog and Akamai Drop Over 10% Despite Strong Profits; Sweetgreen, Array, SoundHound Surge, and More in Earnings • IH Market News • 05/10/2024 11:58:39 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:00:09 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM