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Barchart
Barchart
Mark R. Hake, CFA

Marvell Technology Stock Price Targets Are Rising - What's the Best MRVL Play?

MRVL Marvell Technology Barchart OTM

Analysts keep hiking their stock price targets for chip-maker Marvell Technology (MRVL). As a result, two attractive plays are shorting out-of-the-money MRVL put options and put credit spreads.

MRVL closed up 1.45% on Friday, Sept. 18, at $244.25. It has risen from a recent trough price of $163.40 almost two months ago (July 29), but it's still well below a 6-month peak of $316.43 on June 4.

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