About this template
MARA is the only symbol on Option Alpha with Bitcoin exposure. It’s a high beta stock; beta is 4.59. Consequently, it has a lot of implied volatility.
I obtained a good backtest by focusing on IV rank 10-30, with 20 delta short put, 5 delta long put, exactly 30 DTE.
Rather than trade MARA by itself, and to convince myself that IVR 10-30 isn’t just a one-off result of data mining, I backtested other symbols and found four others that backtested well. I then took the next step and created a bot, IVR 10-30 Bull Credit Stock, with SO, MARA, TJX, ROST, and OKE.
