MRVL options

S

savage

Someone shoot holes in this strategy for me please. I've just started experimenting in options so I need to learn a lot.

Trades today:

Sold MRVL June 25 Call
Bought MRVL July 30 Call

Will sell July 30 Call at expiration in June.

Savage
 
ok but first what is your thinking behind this? (why did you enter? what is your stop loss? what is your target?)
 
Thinking.....MRVL implied volatility is high now...so sell call close to strike to maximize premium and buy call at 30 that has lower delta to maximize profit if MRVL declines further.

Savage

(I guess if MRVL jumps up sharply then I close both pos for a small loss??)
 
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