Buy Call MRVL

March 12, 2024
Sell the MRVL August 70 Call

While MRVL stock could rebound in the days/weeks to come, the stock has not bounced back from its earnings decline, and I would prefer to lock in our small gain (approximately 7%) on the last piece of this trade and move the capital into fresher ideas.

To execute this trade you need to:
Sell to Close the MRVL August 70 Calls

March 5, 2024
Sell a Third of Existing Position: Sell a Third of your MRVL August 70 Calls for $15 or more.

Marvell (MRVL) will report earnings Thursday after the market close. And while I think the stock looks great, the market is starting to weaken (maybe) and there have been several high-profile earnings blowups in the last week. For those reasons, let’s lock in a profit of approximately 60% on another piece of our position and then see how the stock reacts to earnings later this week.

To execute this trade you need to:
Sell to Close a Third of your MRVL August 70 Calls

January 24, 2024
Sell a Third of Existing Position: Sell a Third of your MRVL August 70 Calls for $11.30 or more.

MRVL stock is breaking out to a new high today and option activity remains strong. There isn’t much not to like about this situation.

And despite the positives I see, I am, as always, going to stick to the system, lock in a profit of approximately 20% on a third of our position and then go for much greater gains in the days/weeks to follow.

To execute this trade you need to:

Sell to Close a Third of your MRVL August 70 Calls

As is always the case when we take partial profits, we hope this initial sale is a big mistake and the stock and our calls trade much higher in the months to come.

January 18, 2024
Buy the Marvell (MRVL) August 70 Calls (exp. 8/16) for $10.50 or less.

Option activity remains red hot in Marvell (MRVL) as the stock breaks out to a new high this morning. Here are those trades from today, and in the last week:

Today – Buyer of 2,000 Marvell (MRVL) March 70 and 80 Calls – Stock at 68.5

Yesterday – Buyer of 3,500 Marvell (MRVL) March 70 Calls for $2.60 – Stock at 64

Thursday – Buyer of 12,000 Marvell (MRVL) February 70 Calls for $1.20 – Stock at 64.5

Thursday – Buyer of 18,000 Marvell (MRVL) April 65 Calls for $6.20 – Stock at 64.75

Let’s get involved with a call buy targeting the August expiration cycle.

To execute this trade, you need to:
Buy to Open the MRVL August 70 Calls

The most you can lose on this trade is the premium paid, or $1,050 per call purchased.

The risks I see in this trade are general market and sector risks, which are always present.

And while there is risk, especially as the market was weak yesterday, this stock strength and option activity are too strong for me to pass up, and I am going to add MRVL to the portfolio today.