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OIB Trade Alert: MRVL, WBA

Let’s book profits on our expiring Marvell Technology (MRVL) and Walgreens Boots Alliance (WBA) puts rather than risk holding through expiration.

MRVL Sep Monthly (9/17) 61.50 Put

Current Stock Price: $61.88

Cash in Hand: $0.46

Action: Buy to close the MRVL Sep Monthly (9/17) 61.50 Put

Current Option Price: $0.17-$0.25

Recommended Limit: Set your initial limit order at $0.21, but adjust as needed to close today

Profit: $0.25, or $25 per contract

Rate of Return: 0.4% in four days, or 37% on an annualized basis

WBA Sep Monthly (9/17) 48.50 Put

Current Stock Price: $49.36

Cash in Hand: $0.48

Action: Buy to close the WBA Sep Monthly (9/17) 48.50 Put

Current Option Price: $0.04-$0.05

Recommended Limit: Set your initial limit order at $0.05, but adjust as needed to close today

Profit: $0.43, or $43 per contract

Rate of Return: 0.9% in four days, or 81% on an annualized basis

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