MRVL Marvell Technology Options Ahead of Earnings

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Analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week,
I would consider purchasing the 70usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade geschlossen: Ziel wurde erreicht
MRVL traded at $79.00 today, after earnings, and the Calls went up from $9.45 (when I wrote this article) to $12.35 at the close of the day (higher intraday), for about 30% gain!
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