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Marvell Technology (MRVL), the chip designer company, is set to release results on Thursday, May 30, after the close. MRVL stock could end up moving higher, despite the stock's recent runup. The market will be looking to see if the company's free cash flow (FCF) margins remain high.
One way to play this is to short out-of-the-money (OTM) put options in nearby expiry periods. That means selling puts for expiration in the next few weeks at strike prices below today's price. This is a way to gain extra income as well as to potentially buy into the stock at a lower price.