Selling APA puts and MRVL puts for income.
APA is an oil and gas producer that has benefited from rising energy prices. Oil and gas prices are pulling back due to concerns that a new wave of coronavirus will affect travel. But history shows that these pullbacks are likely to be temporary.
MRVL is a semiconductor stock. The are has experienced significant growth due to supply shortages and should continue to be a very profitable area for investors. A small pullback gives us a chance to collect extra income from this stable name.
- Sell (to open) 3 APA January 21st $25 put
- Limit: $2.10 or more
- The new position will represent roughly 7.8% of our model.
~~~~~~~~~ - 12:01 Executed
- Sold 3 APA Jn 21st $25 Puts @ $2.35
ALSO
- Sell (to open) 1 MRVL January 21st $70 put
- Limit $3.80 or more
- The new position will represent roughly 7.8% of our model.
~~~~~~~~~ - 12:02 Executed
- Sold 1 MRVL Jan 21st $70 put @ $3.90