Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

OIB Trade Alert: MRVL, MU

I am recommending we roll our Marvell Technology Group (MRVL) and Micron Technology (MU) puts out one week to buy ourselves some time.

The semiconductor sector has been hit by irrational concerns about chip shortages hurting revenue growth. Last time I checked, tight inventory meant higher selling prices and operating margins. So, I expect the sector to reverse higher soon.

MRVL Apr Week Four (4/23) 50 Put

Current Stock Price: $46.35

Net Debit: $1.64

Action:

  • Buy to close the MRVL Apr Week Four (4/23) 50 Put for around $3.70
  • Sell to open the MRVL Apr Week Five (4/30) 50 Put for around $3.70
  • Set your initial credit limit at $0, but adjust as needed to roll today

New Net Debit: $1.64

Expiration: After the close on Friday, April 30

Potential Rate of Return: I am targeting breakeven for this position

MU Apr Week Four (4/23) 92.50 Put

Current Stock Price: $85.73

Cash in Hand: $2.35

Action:

  • Buy to close the MU Apr Week Four (4/23) 92.50 Put for around $6.75
  • Sell to open the MU Apr Week Five (4/30) 92.50 Put for around $6.95
  • Set your initial credit limit at $0.20, but adjust as needed to roll today

New Cash in Hand: $2.55

Expiration: After the close on Friday, April 30

Potential Rate of Return: 2.8% in 44 days, or 23% annualized, if this option expires worthless

Go to Top
×