Our Citigroup (C) put is deep in the money. I am recommending we accept shares, as rolling will generate little, if any, cash. I will recommend a call to sell against them soon.
Our Marvell Technology (MRVL) put is on track to expire worthless, allowing us to book the maximum profit.
C Nov Week One (11/5) 72 Put
Current Stock Price: $67.91
Cash in Hand: $1.93
Action: Accept shares
Cost Basis: $70.07
MRVL Nov Week One (11/5) 68 Put
Current Stock Price: $72.24
Cash in Hand: $0.37
Action: Watch put expire worthless
Profit: $0.37, or $37 per contract
Rate of Return: 0.5% in four days, or 50% on an annualized basis