MRVL Marvell Technology Options Ahead of Earnings

Aug 25, 2024

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.

Aug 31, 2024

Trade closed: target reached

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!