Marathon Patent Group, Inc. stock trades under the ticker MARA, closing on 12/2/2020 at $5.76/share.
After a couple of gap up days in November, MARA stock is performing well on a technical basis, making it worth considering for a short-term trade idea.
MARA stock also has options in addition to common shares.
MARA Stock Price: $5.76
10 Day Moving-Average: $4.68
50 Day Moving-Average: $2.75
200 Day Moving-Average: $1.64
RSI: 70
While its RSI is a bit steep at 70, the pre-market price says that MARA stock still has room to run.
The $6 calls for MARA look appealing, as they are about at-the-money in the pre-market already; although I may target the $5 calls for a little more money.
The puts will get cheaper as they continue to climb, although if they break their resistance point, the almost at-the-money $6 puts will likely not perform well, so I would wait until the $7.50 & $9 puts become cheaper.
*** I DO NOT OWN SHARES OF MARA STOCK ***