Bulls march on

Well for what seems like the 99th time here lately, congrats to the DOW for crossing over another threshold and making a new ATH above 44,000

Crypto is on a tear, and we’re not letting it pass us by. This morning I mentioned GBTC, it closed up +14.46% on the day… Talk about timing….lol….. In all fairness again this is one that I have been trading for a few years on and off as a stock, so I’m familiar with it, it just doesn’t have Options. One advantage that GBTC has is that it’s an ETF, it carries less volatility in downturns
One that does have Options is MARA
A reasonable play with it right now could be the 25 / 28 Bull Call Spreads for DEC 20, 2024 going for 0.97…. Should MARA blast off any more it could blow past those numbers meaning one would need to adjust to higher strikes. MARA is loaded with Options right now, that is good for the stock itself as well

I mentioned TSLA this morning too, that sucker popppppppped, againnnnnnnn

SFM officially, for the record, crossed over the 100% gain mark today from our initial entry back in MAY 2024 😁 😄 😁 What a beast!!!!!!!!!!
We still like it here, Options are in a tough spot with the stock price being 147 area. Going 145 / 150 is okay, but it’s not the most ideal for capturing more of a move.

If an investor wanted they could buy the DEC 2024 Bull Call Spreads at the 145 / 150 going for 3.75 at the MID
Moving those to the 150 / 155 would be with the belief that SFM has room to run. Those are going for 1.72 at the MID

GEO, remember GEO?? I took it off the list a week or or so ago, it then did what? Went to the moon, of course...lol... It’s up 74% in just the past week…… Congrats to any of you that are still long
HD we still like it here
AMZN though it closed down on the day it’s still in play, we like it here as it appears to be reconsolidating here

If you missed this mornings edition of theoptionscoach.net Happy Veterans day to all who served, their families and those that support our military. I’m hosting several Veterans at my house tonight for a bbq get together
Tomorrow is another day

The Options Coach