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OIB Trade Alert: AAPL, MRVL

The tech sell-off clobbered our Apple (AAPL) and Marvell Technology Group (MRVL) positions. I am recommending we accept shares rather than attempt to roll the puts.

Next week, I will recommend calls to sell against the shares to reduce our cost basis on the positions. While I am currently targeting breakeven, that could change if the tech sector rebounds.

AAPL Feb Week Four (2/26) 136 Put

Current Stock Price: $121.59

Cash in Hand: $2.41

Action: Accept shares

Cost Basis: $133.59

Potential Rate of Return: I am targeting breakeven for this position

MRVL Feb Week Four (2/26) 52.50 Put

Current Stock Price: $46.78

Cash in Hand: $1

Action: Accept shares

Cost Basis: $51.50

Potential Rate of Return: I am targeting breakeven for this position

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