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
- 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