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OIB Trade Alert: MRVL

I am recommending we roll our Marvell Technology (MRVL) put out one week to buy some time and generate more income. The spreads between the bid and the ask are wide, so work your limit orders if necessary.

Current Stock Price: $73.23

Cash in Hand: $0.61

Action:

  • Buy to close the MRVL Jan Monthly (1/21) 76 Put for around $2.88
  • Sell to open the MRVL Jan Week Four (1/28) 76 Put for around $4.10
  • Set your initial credit limit at $1.22, but adjust as needed to roll today

New Cash in Hand: $1.83

Expiration: After the close on Friday, Jan 28

 

Potential Rate of Return: 2.4% in 11 days, or 80% annualized, if this option expires worthless

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