Let’s book profits on Marvell Technology (MRVL), a very successful rolled position.
Current Stock Price: $77.47
Cash in Hand: $2.65
Action: Buy to close the MRVL Feb Week Two (2/11) 76 Put
Current Option Price: $0.64-$0.68
Recommended Limit: Set your initial limit order at $0.66, but adjust as needed to close today
Profit: $1.99, or $199 per contract
Rate of Return: 2.6% in 23 days, or 42% on an annualized basis