In many ways, blockchain mining firm Marathon Digital (MARA) is a frustrating victim of poor timing. To be sure, the company benefitted handsomely from the explosion of demand for digital assets last year. Unfortunately, enthusiasm for the risk-on sector couldn’t sustain itself in 2022, leading to sharp losses for MARA stock. Nevertheless, options traders began duking it out in the derivatives arena regarding its forward trajectory.
Before anyone gets cute and decides to join in on the fun, investors must realize the sharp risks involved with MARA stock, either in the open market or the options segment. Although Marathon enjoyed a meteoric rise in valuation since late 2020 – just when cryptocurrencies started waking up – the period since November 2021 has been downright ugly. On a year-to-date basis, MARA fell a staggering 61%.
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