The AI darlings are starting to gurgle a bit as many of them see pushback on historically high prices. It is simply not winners across the entire sector. However, as they shift into pullback mode and even full reversal, they are offering up some really nice set ups for put trades. One great example is MRVL. Marvell continues to weaken after its recent rally, making it a candidate for a short-term put trade. The stock is trading below both the 8-day and 20-day EMAs, while the PPO remains on a bearish crossover and continues to decline, confirming downside momentum. The chart makes it pretty much a no brainer. Take a look.

Unless buyers quickly reclaim the 20-day EMA, the path of least resistance appears lower. A move toward the next support level could provide additional downside opportunity, making short-term puts favorable while maintaining disciplined risk management.
Wishing you the best,
Wendy

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