鉴于MARA基本面疲软且与比特币相关，持有MARA是为了通过备兑看涨期权产生现金流，而非追求上行潜力。
逐段跳播
Terry说：“老调重弹。你能给我MERA的公允价值以及任何新的想法吗？我已经停止在13美元卖出备兑看涨期权。”天哪，我一直在小幅增加我的MERA头寸。
Terry is saying, "Broken record here. Can you give me fair value of MERA and any new thoughts? I've stopped selling covered calls at $13." Um man, I have been I've been adding a little bit to my MERA position.
Mer表现不佳的风险很高。其估值实际上为B。其增长为F。其盈利能力为F。所以这些是比特币矿工。你知道，他们很难应对比特币价格低迷。量化评级为卖出。
Mer's high risk of performing badly. Its valuation is actually a B. Its growth is an F. Its profitability is an F. So these are these are Bitcoin miners. You know, they're they're having a hard time with Bitcoin prices being down in the dumps. Um quant rating is a sell.
让我们看看这里的评级。我们曾是持有。我们在920时是强力卖出，然后在1126时是卖出。所以有趣的是，在921时评级为强力卖出。
So let's look at the ratings here. We were a hold. We were a strong sell at 920 and then we're a sell at 1126. So, it's interesting that it was like rating a a a strong sell at 921.
特别是Seeking Alpha，我关注Seeking Alpha很长时间了。你会经常看到这种情况。你会看到动量不佳。股票正在下跌。这变成强力卖出。所以你可以从斜率上看到。它正在下降。
当它下降时变成卖出。它似乎在底部切换为持有。这相当罕见。这种情况我认为更常见。你会看到当股票下跌时出现买入评级，然后在回升之前强力卖出介入。所以我们可能正处于类似的情景中，我们持有一段时间，然后出现强力卖出，接着是卖出评级。我们看到历史可能重演。
Seeking Alpha specifically, I've watched Seeking Alpha for a very long time. You'll see this pretty frequently. You'll see that we'll get oh, the momentum is going poorly. Um, we are going the stock is going down. This becomes a strong sell. So, you can see this on the slope. It's like it's coming down. It becomes a cell as it comes down. It's like it switched to a hold here just at the bottom. That's pretty rare. Like this this is more frequent I would say. You see these like buy ratings as the stock's coming down and then um the strong cell kicks in before it goes back up. So we're we're potentially in that same sort of scenario right now where we're holding for a while and then we have this strong sell followed by a sell rating. We see we've seen this like history potentially repeating itself.
现实是这只股票无关紧要。幕后发生什么并不重要。它只依赖比特币。就是这样。所以如果你看好比特币，那么持有像Mera这样的东西让你接触比特币。这就是它的运作方式。它没有以任何其他方式运作。
The reality is this stock doesn't matter. It doesn't matter what's going on behind the scenes. It only relies on Bitcoin. That's it. So if you're bullish Bitcoin, then holding something like Mera gives you a exposure to Bitcoin. That's how it functions. It's hasn't functioned any other way.
现在公允价值为12.13美元。这就是你问的。Investing.com。那有18.8%的上行空间。现在关于这个的酷事是它正在迅速烧钱。它甚至可能难以支付利息。股票遭受了重大打击。
随着分析师预期销售下滑，有很多负面因素。这绝对不是一只金鹅股票。
Now fair value $12.13. That's what you're asking for. Investing.com. That's up to upside of 18.8%. Now the cool thing about this um it's quickly burning through crash. It may even have trouble making interest payments. stock has taken a big hit. Uh as analysts anticipate sales decline, like there's a bunch there's a bunch of negative about this. This is definitely not like a like a golden goose stock.
你知道，但根据我的经验，这只股票在过去四年中一直是我百分比回报最大的头寸之一。所以如果我们回顾三年，它并没有真正移动。如果我们回顾十月，让我们回到现在，现在是九月，对吧？所以2023年9月1日。
那是三年前。我似乎无法精确找到它，但我们交易在1347左右。所以自那时以来，股票已经损失了25%的价值。
You know, this is but I can tell you from experience, this stock has been one of my largest position returners in terms of percentage over the last four years. So over the if we were to look, let's go back three years here, it it hasn't really moved. If we looked back at October, let's go back to uh we're at September right now, right? So September 1st, September 1st of 2023. That was 3 years ago. And I can't seem to get it here exactly, but we're we're trading right around 1347. So the stock has lost 25% of its value since that time.
我一直持有股票，经历了整个交易过程。我的这个头寸每年回报率为 24%。之所以每年回报率为 24%，是因为我不羞于限制我的上行空间。我比什么都更关心现金流。
I have been holding shares through this whole trading position here. And this my position returns 24% a year. And the reason that it returns 24% of a a year is because I am not shy about capping my pro my capping my upside. I care more about cash flow than anything else.
当我查看期权链时，如果我在 moomoo 上查看 3 天期权链，卖出 12 美元的看涨期权，如果我此时持有股票或买入股票，卖出那个 12 美元的看涨期权只能给我微薄的回报。3 天，3 美分。
这不算什么。让我们再看远一周。看看 10 天到期的。这个 12 美元的看涨期权给我接近 1% 的资本回报。
And when I look at the options chain, if I go to mumu here, if I look at the 3-day chain, the selling the 12 call, if I was to own shares or buy shares at this point right now, selling that 12 call gives me a uh a measly return. Three 3 days, 3 cents. It's nothing. Let's go out one more week. Let's look at the 10 days to expiration. This 12 call gives me almost 1% return on capital.
所以，市场上没有多少头寸，在一只非常非常小的股票上，我可以买入价值 1,000 美元的股票。我可以将我的回报上限设为 20% 的上行空间，并且我可以在 10 天内收取 1% 的回报，我可能觉得自己像个破唱片，因为我交易这个太久了，而且多年来我一直在我的提醒服务中发布关于 MEA 的帖子，以及我如何滚动这些头寸以及我用它们做什么。
So, there are not a lot of positions out there on a tiny tiny little stock where I could buy $1,000 worth of stock. I could cap my return at 20% upside and I can collect 1% over 10 days and I might feel like a broken record because I've been trading this so long and I've been posting my alert service so much about MEA over the years and how I roll these positions and what do I do with them?
我完全不关心这个的上行空间。我关心的是现金流。而疯狂的是，它太便宜了。所以当你进入一个小仓位时，假设你买入 1,000 股这个。你以 10 美元买入 1,000 股。这是 10,000 美元的投资。
如果我每周卖出这些看涨期权，我得到 10 份期权乘以 10 美分，就是 100 美元。如果我然后用这 100 美元每周买入股票，我的 1,000 股仓位每周会增加 10 股。也许这周我能买到 9 股。
而这样做的结果是，它随着时间的推移像滚雪球一样增长。
I do not care about upside on this at all. What I care about is cash flow. And the crazy thing is that it's just so cheap. So when you get into a small position, let's just say you were buying a,000 shares of this. So you buy a,000 shares for 10 bucks. It's $10,000 investment. If I was to sell these calls each week, I get 10 10 options times 10 cents is a h 100red bucks. If I was to then turn around and I was to to use that $100 to buy shares each week, my 1,000 share position would be growing by 10 shares a week. Maybe nine shares I get to buy this week. And what that does is it just snowballs over time.
市场上没有多少头寸具有 Marathon 那样的稳定性。如果有，我很想知道。请评论。
There are not a lot of positions out there that have the consistency that Marathon has. And if there is, I would love to know about them. Please comment.
当然，像 Marathon 这样的小公司，我们看到了，表现不佳的风险很高。让我们暂时回到 Marathon。我将向你们展示平价头寸。
Now, of course, small companies like Marathon, we saw it. there is a high risk of of performing badly. Let's for just one moment I'm going to go back to marathon. I'm going to just show you the at the money position.
让我们看 Marathon 10 天到期的。让我们卖出 10 美元的备兑看涨期权。如果我以 10.25 美元的价格立即买入股票，然后把股票加到这里，买入。
let's go to Marathon 10 days out. Let's sell the let's sell the 10 uh covered call. If I was to buy the shares right now at 10:25 and add the stock in here, buy.
这个头寸，这是一个模拟的，这是一个合成的空头看跌期权，我们这样称呼它。它有 66% 的盈利概率。它在 962 美元的潜在风险上赚取 37.50 美元。这有更高的盈利概率，而且回报仍然非常可观。
This position, this is a simulated, this is a synthetic uh synthetic short put is what we call this. It's got a 60 cent 66% probability of money of pro probability of profit. It makes $37.50 on a $962 potential risk. This has a greater profit probability of making that money and the return is still spectacular.
Marathon 并非不会下跌。它很容易下跌。
Marathon is not not against that. It could easily go down.
这个频道对 $MARA 的历次判断
Drawbridge Finance 在这只股票上只有这一条判断。