I am adding two names to the Crypto Basket: Marathon Digital Holdings (MARA) and Galaxy Digital Holdings (BRPHF). The former, MARA, is of special interest to the PRO service as it trades reasonably priced shorter-term options. I prefer to buy calls on a formal Buy Signal, but the Crypto sector is on the verge of a huge breakout should Bitcoin take out its former high at around $62K. It's trading just below $59K this morning, only about 5% beneath that level. Below is a table of near and intermediate term calls. With MARA up 12% today, the April 16th series is up about 4X that percentage gain, while the June monthly series (Jun 18th) about 2X. These calls are one of the few ways to play Bitcoin with leverage. MARA Calls From the Mar 26th Bitcoin low at about $51,000 it is up about 15% and MARA has risen from $31 to $42, about 35%. During that time the April $40C has risen from $1.50 to about $6.35, up nearly $300%. Yes, lots of leverage here. No formal pattern recognition buy...yet, but MARA may not get one before Bitcoin makes new all time highs. Should that happen in the next two weeks, MARA and its calls should run much higher. These calls are an intriguing "non-system" speculation at these levels, or upon the current Bitcoin high being taken out. I am buying the April $40C after posting this, just in case. Note: Because the markets are closed Good Friday there are only 12 stock and option trading days left until April 16th expiration. Bitcoin on the other hand is agnostic, as it trades 24/7 every day of the year.
