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SFPC Trade Alert: CHWY, MRVL

Let’s roll our Chewy (CHWY) put position out one week to generate more cash.

I am also recommending we roll our Marvell Technology Group (MRVL) call to a lower strike, further reducing our cost basis.

CHWY Feb Week Two (2/12) 105 Put

Current Stock Price: $110.67

Cash in Hand: $0.79

Action:

  • Buy to close the CHWY Feb Week Two (2/12) 105 Put for around $0.21
  • Sell to open the CHWY Feb Monthly (2/19) 105 Put for around $1.51
  • Set initial credit limit at $1.30, but adjust as needed to roll today

New Cash in Hand: $2.09

MRVL Feb Week Two (2/12) 51.50 Call

Current Stock Price: $51.44

Cost Basis: $50.78

Action:

  • Buy to close the MRVL Feb Week Two (2/12) 51.50 Call for around $0.49
  • Sell to open the MRVL Feb Monthly (2/19) 51 Call for around $1.50
  • Set your initial credit limit at 1.01, but adjust as needed to roll today

New Cost Basis: $49.77

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