Let’s roll our Marvell Technology (MRVL) put out two weeks to generate more income while lowering our strike.
Note that this trade is only for members already in the position.
Current Stock Price: $64.45
Net Debit: $9.64
- Buy to close the MRVL 28 Jul 65 Put for around $1.43
- Sell to open the MRVL 11 Aug 64 Put for around $1.93
- Set your initial net credit limit at $0.50, but adjust as needed to roll today
New Net Debit: $9.14
Potential Rate of Return: We are targeting breakeven for this position