Swing Trade Idea – March 1, 2024
Laurie’s Abbreviation Index:
** ‘div’ – dividend
** ‘m/m’ – month over month
** ‘y/y’ – year over year
** ‘Inven’ – inventories
** ‘mfg’ – manufacturing
** +/- – plus or minus, positive or negative
** Underlined text – higher volume premarket
** ‘d’ – day
** ‘Y’ – year
**govt – government
Color Key: Positive – Neutral – Negative
Trade Idea: MRVL
MRVL reports earnings next week. Not really an AI name but is a networking name hence getting a bid. Call options are building 73, 75 and 80 for next week and put positioning is light. Ballistic move Thurs and they are trying to take higher premarket. Long idea over 73 but ideally on pullback > 71 for a run into earnings.