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OIB Trade Alert: AAPL, GM, MRVL

I am recommending we roll our Apple (AAPL), General Motors (GM) and Marvell Technology Group (MRVL) puts to buy time and generate more income.

AAPL Feb Monthly (2/19) 136 Put

Current Stock Price: $128.75

Cash in Hand: $2.16

Action:

  • Buy to close the AAPL Feb Monthly (2/19) 136 Put for around $7.25
  • Sell to open the AAPL Feb Week Four (2/26) 136 Put for around $7.50
  • Set your initial credit limit at $0.25, but adjust as needed to roll today

New Cash in Hand: $2.41

Expiration: After the close on Friday, Feb. 26

Potential Rate of Return:1.8% in 18 days, or 36% on an annualized basis, if this option expires worthless

GM Feb Monthly (2/19) 52.50 Put

Current Stock Price: $52.02

Cash in Hand: $1.25

Action:

  • Buy to close the GM Feb Monthly (2/19) 52.50 Put for around $0.73
  • Sell to open the GM Feb Week Four (2/26) 52 Put for around $1.21
  • Set your initial credit limit at $0.48, but adjust as needed to roll today

New Cash in Hand: $1.73

Expiration: After the close on Friday, Feb. 26

Potential Rate of Return: 3.3% in 17 days, or 71% on an annualized basis, if this option expires worthless

MRVL Feb Monthly (2/19) 52.50 Put

Current Stock Price: $50.42

Cash in Hand: $0.42

Action:

  • Buy to close the MRVL Feb Monthly (2/19) 52.50 Put for around $2.12
  • Sell to open the MRVL Feb Week Four (2/26) 52.50 Put for around $2.70
  • Set your initial credit limit at $0.58, but adjust as needed to roll today

New Cash in Hand: $1

Expiration: After the close on Friday, Feb. 26

Potential Rate of Return: 1.9% in 25 days, or 28% on an annualized basis, if this option expires worthless

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