Wheel tactics, straight from the desk
Hands-on playbooks for premium sellers: expirations, position sizing, rolling and repair — with concrete numbers, not vibes. Free while we build out the library.
MRVL wheel watch: $160 put leaves a 21.9% cushion
The August 21 $160 put showed a $7.825 midpoint credit and a 21.9% breakeven cushion late Monday. MRVL’s support shelf and 101.07% put IV come with a damaged short trend and premium valuation.
CRWV wheel watch: the $65 put pays 5.9%, earnings inside
The Aug. 21 $65 put offers a 5.92% collateral return at a $3.85 reference credit, with breakeven 22.2% below the $78.64 spot snapshot. CoreWeave’s expected Aug. 11 earnings date and heavy financing needs make the rich premium an earnings-aware risk, not easy income.
CRDO wheel watch: the $170 put pays 5.5% in 37 days
CRDO’s August 21 $170 cash-secured put offers a 27.6% breakeven cushion and a 5.53% maximum return on reserved cash. The shares are below their 20- and 50-day averages, so the chart risk matters as much as the rich premium.