Bought Marvell LEAPS for Wealth Builder

Marvell is a great company and the stock is in the 5 Star Trading Portfolio in Wealth Builder. I bought the shares on 1213/19.

Today I bought 5 Marvell LEAPL to go into the Stock Alternative Portfolio. I bought 5 contracts of MRVL 1/21/22 $55 Calls. I paid a premium of $9.45.

Buy to Open 5 MRVL 1/21/22 $55.00 C @ $9.45

I bought this position with the stock at $53.30. Since I went with the 1/21/22 Expiration Date, and a correction is expected this spring, I think I’ll be in this position only a few months. If we get the correction I’ll be buying more Marvell LEAPS with the stock down.

Successful trading,

Steve

The Options Coach