Analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week, I would consider purchasing the 57.50usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $3.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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MRVL traded at $52.35 after earnings. I haven't monitored the options, but considering the premium and the price of the stock, it was at least a 50% gain on those puts.