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OIB Trade Alert: MRVL

The market is bouncing back today, giving us a chance to book an excellent profit on our Marvell Technology Group (MRVL) position.

Current Stock Price: $52.50

Cost Basis: $49.11

Action:

  • Buy to close the MRVL Jan Week Five (1/29) 52 Call for around $0.93
  • Sell shares at market

Profit: $2.08, or $208 per 100 shares

Rate of Return: 4.1% in 17 days, or 88% on an annualized basis

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