Let’s book profits on Marvell Technology (MRVL) and The Trade Desk (TTD) now rather than risk a reversal for a few more cents in premium.
MRVL Mar Week Four (3/25) 69 Put
Current Stock Price: $72.86
Cash in Hand: $0.36
Action: Buy to close the MRVL Mar Week Four (3/25) 69 Put
Current Option Price: $0.06-$0.07
Recommended Limit: Set your initial credit limit at $0.07, but adjust as needed to roll today
Profit: $0.29, or $29 per contract
Rate of Return: 0.4% in three days, or 51% on an annualized basis
TTD Mar Week Four (3/25) 61 Put
Current Stock Price: $67.80
Cash in Hand: $0.23
Action: Buy to close the TTD Mar Week Four (3/25) 61 Put
Current Option Price: $0.06-$0.07
Recommended Limit: Set your initial credit limit at $0.07, but adjust as needed to roll today
Profit: $0.16, or $16 per contract
Rate of Return: 0.3% in three days, or 32% on an annualized basis