MRVL Trade Management

• stevenplace
• December 10th, 2009

So with MRVL breaking out above 1810, we’ve had a nice AM rip, but it is wise to take profits.

So there’s two ways to go about this.

1. Sell 1/2 MRVL Jan 17.5 Call Options

2. Sell -10 Dec 19 Calls for .20

Here’s what the second one looks like:

So it caps your delta by 1/2– if only for a week.

You also pick up a time decay component for opex, and if the options expire worthless, then you have a reduced basis in your position– then you can potentially roll into a bull call spread.

I’m going to see if I can catch a fill at that price, it seems that we are getting pullback now so that fill may no longer be available.

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