TBO - AVGO MRVL Update 7-31

7-31

AVGO put spread ~0.22 consider buying it back.

MRVL gapping up still a few dollars from our UEM.

 

Time Bandit Idea for Expiration of 7AUG, 2026

In AVGO consider selling the August 7, 2026 Expiration (7AUGL26) Expiration 345-425 Iron Condor for about $2.25 mid price with stock around $379

Consider AVGO sell 7AUG 345-425 IC

AVGO

Buy 335 Put
Sell 345 Put
Sell 425 Call
Buy 435 Call

Minimum $1.90 with mid around $2.25

Technicals: Straddle is $29.95(IV Move on TOS is $30.2 ) and strikes are $34 to the downside and $46 to the upside. The Average True Range is $15.9

Risk: The total risk of the trade is defined by the distance between your long and short strike of your spread ($10) minus the amount of money that you sold the Iron Condor for.  For this spread we are getting around $2.25 so our risk is $7.75

Reward: Our reward will be maxed out if the stock stays between our two short strikes and will be equal to the amount you sold the condor for.  Maximum reward would be $2.25

Adjustments: Our upside morph will be executed only when the stock has broken up above our upside resistance line and commences a technical breakout. Our downside morph will be executed only when the stock has broken down below our downside support line and commences a technical breakdown.

***Trade Management: For those wanting to reduce their risk sooner, these levels can be used as breakouts for an early morph:

Upside early morph levels that can be considered: $414.64(6/22 H)  with the stock moving higher

Downside early morph levels that can be considered : $356.43(7/2 Low) with the stock moving lower

 

 

7/14 SCS IDEAS for expiration 24JUL, 2026

Idea #1:

BEARISH– Selling CALL Vertical

MRVL $179

Consider selling the MRVL 7AUG 210-220 CALL spread for roughly $1.15(min $0.90) with stock BELOW $181 (current $179)

Consider MRVL 7AUG 210-220 CS

Risk: $10 vertical spread less premium collected of spread of $1.15 = $8.85 of risk

Max reward is $1.15

ATR: $19.9

Straddle: $24.6

Morph levels: Stock ABOVE $206.07 (7/24 High) consider making an adjustment with market that is moving HIGHER!

 

 

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7-30

HD is sliding. Be prepared to take action on the downside. DDA!

 

Ideas #2

BULLISH– Selling PUT Vertical

HD $345
Consider selling the HD 7AUG 327.5-317.5 PUT spread for roughly $1.15(min $0.90) with stock ABOVE $344 (current $345)

Consider HD 7AUG 327.5-317.5 PS

Risk: $10 vertical spread less premium collected of spread of $1.15 = $8.85 of risk

Max reward is $1.15

ATR: $9.19

Straddle: $15.55

Morph levels: Stock BELOW $333.04(7/20 Close) consider making an adjustment with market that is moving LOWER!