I've opened a February bull put spread (p20/-p22.5) in MRVL. The options are still 45 days out from expiry, a bit long, but given the constant upward trendline I think it's worth the risk.
I sold the vertical spread for 1.15 net credit with the underlying at 21.38. The position is profitable anywhere above 21.35 at expiry.
Stop/loss at 20, based on support.
Topics: Marvell Technology Group, semiconductors
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