Buy Call MRVL

January 17, 2025
Sell a Third of Existing Position: Sell a Third of your MRVL June 115 Calls for $20 or more.

MRVL is trading higher again today, boosted by a strong earnings beat from “peer” Taiwan Semiconductor (TSM) yesterday and a market advance today. And while I think the odds favor MRVL trading higher in the weeks to come, the market is a bit more suspect. For that reason, let’s stick to the plan and lock in a quick profit of approximately 20% on a third of our calls.

To execute this trade you need to:
Sell to Close a Third of your MRVL June 115 Calls

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

January 15, 2025
New Trade: Buy the Marvell (MRVL) June 115 Calls (exp. 6/20) for $18 or less

We have been paring back the portfolio in the last two weeks, as well as not buying new positions, which has been the right move as the market has been under pressure. Because of this somewhat defensive stance, it’s time to get off the sidelines with our first stab into the market decline.

First, let’s add MRVL to the portfolio as the stock has pulled back some but looks great compared to its growth peers and continues to attract bullish options.

To execute this trade you need to:

Buy to Open the MRVL June 115 Calls

The most you can lose on this trade is the premium paid, or $1,800 per call purchased.

Of note, there is absolutely risk in this new buy as the market is under pressure, and while MRVL looks great, should the sellers come after stocks with “meat on the bone,” MRVL will almost surely fall.

New Trade: Buy the Marvell (MRVL) June 115 Calls (exp. 6/20) for $18 or less