Date: March 1, 2026
Ticker: MRVL (Marvell Technology)
Current Price: $81.69
Executive Summary
The Marvell Technology (MRVL) position is performing exceptionally well, currently boasting an annualized return of 118.91% over its first 24 days. The stock has shown strong upward momentum, rising from our entry point of $73.30 to the current $81.69 level. This move has pushed our long LEAPs deep into a profitable state while our short calls remain safely out of the money.
Position Breakdown
The Long Leg (LEAP)
- Strike: $50c
- Expiration: 01/15/2027
- Entry Price: $30.55
- Current Status: Deep In-The-Money (ITM).
- Performance: The LEAP currently shows an open profit of approximately $1,280.00, representing a 20.9% gain on the long side alone.
The Short Leg (Income Generation)
- Strike: $90c
- Expiration: 03/20/2026 (19 Days to Expiration)
- Premium Collected: $2.40
- Current Status: Out-of-the-Money (OTM).
Performance Metrics
| Metric | Value |
| Total Realized Profits | $477.74 |
| LEAP Net Cost Basis | $28.17 |
| Current Break Even | $78.17 |
| Theta (Daily Decay) | -$0.0036 |
| Total Invested | $6,110.00 |
Technical Analysis & Sentiment
MRVL is in a strong bullish trend. The stock is comfortably trading above our current break-even of $78.17, and the $90 short call provides nearly 10% of additional “headroom” before the stock hits our profit cap. With 19 days remaining until the short call expires, time decay (Theta) is beginning to accelerate in our favor.
Course of Action: “The Disciplined Hold”
Currently, no immediate action is required. The position is in an ideal “sweet spot” for a PMCC.
Why stay the course?
- Ample Room: The $90 strike is far enough away that we aren’t under immediate pressure to roll for defensive reasons.
- Accelerating Theta: We are entering the window where the $2.40 premium we collected will begin to decay rapidly.
- Solid Cushion: The deep ITM LEAP ($50 strike) provides a high delta, ensuring we capture most of the stock’s upside while the short call remains OTM.
Future Triggers:
- If MRVL hits $88: I will look to roll the March 20th $90 call up and out to April to capture more premium and avoid being capped.
- If MRVL stays flat: I will let the March 20th call expire or buy it back for pennies in the final week to sell the next monthly cycle.
Current Status: HOLD
Leave a Reply