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Options Income Daily: MRVL, NOK, IREN and More
by Monta HONG, CFA | Options Strategist
Welcome to your Daily Income Opportunities from the Seller Dashboard. This section highlights short-term income opportunities from today’s options market. Each pick is evaluated based on annualized ROI, probability of expiring out-of-the-money, and premium yield from the Seller Dashboard.
MRVL Largest Options Trade
Two traders both sold 1,000 contracts of $Marvell Technology (MRVL.US)$ Jun 17, 2027 $350 Put, collecting a total premium of $13.33M (cross order, bid-side, opening position).
This is essentially a "I want to buy MRVL cheap" trade. Here's the logic:
- Stock is at $309 now
- By selling this put, the trader obligates themselves to buy 100,000 shares at $350 if the stock drops there
- But they already collected $133.30/share in premium — so their real cost would be only $216.70/share
- That's a 30% discount to today's price
Top Picks of the Day
Cash Secured Put
Potential Margin required: $22,000 ($220 × 100)
Premium received: $450.00
ROI for 8 days: 2.09% ($450.00 ÷ ($22,000 - 450.00))
Annualized Return: 91.42%
Breakeven: $215.500 ($220 - $4.500)
Probability of Profit: 86.13%
UBS raises Bloom Energy price target to $322 from $251, maintains buy rating.
Potential Margin required: $20,500 ($205 × 100)
Premium received: $427.50
ROI for 8 days: 2.13% ($427.50 ÷ ($20,500 - 427.50))
Annualized Return: 93.25%
Breakeven: $200.725 ($205 - $4.275)
Probability of Profit: 83.70%
NEBIUS will invest over 8 billion euros to build a 240 MW AI computing hub in France.
Potential Margin required: $5,000 ($50 × 100)
Premium received: $105.50
ROI for 14 days: 2.15% ($105.50 ÷ ($5,000 - 105.50))
Annualized Return: 54.88%
Breakeven: $48.945 ($50 - $1.055)
Probability of Profit: 82.88%
IREN signs 800MW transmission connection agreement in Australia to build Bundey data center campus.
Potential Margin required: $10,000 ($100 × 100)
Premium received: $240.50
ROI for 22 days: 2.46% ($240.50 ÷ ($10,000 - 240.50))
Annualized Return: 40.27%
Breakeven: $97.595 ($100 - $2.405)
Probability of Profit: 82.02%
Strategy sells 32 bitcoins for $2.5 million to fund preferred stock dividends, shares decline amid bitcoin selloff.
Covered Call
Buy 100 ASTS: $10,773 ($107.73 × 100)
Premium received: $412.50
ROI for 43 days: 3.98% ($412.50 ÷ ($18,000 - 412.50))
Annualized Return: 33.53%
Breakeven: $175.875 ($180 - $4.125)
Probability of Profit: 92.33%
AST SpaceMobile receives hold rating from analysts due to launch delays and execution risks, with commercial service pushed to first half of 2027.
Buy 100 OKLO: $6,521 ($65.21 × 100)
Premium received: $237.00
ROI for 43 days: 3.77% ($237.00 ÷ ($10,000 - 237.00))
Annualized Return: 31.77%
Breakeven: $97.630 ($100 - $2.370)
Probability of Profit: 90.81%
Oklo executives and major shareholders sold over $19 million worth of shares on June 1st.
Buy 100 NOK: $1,673 ($16.73 × 100)
Premium received: $60.50
ROI for 43 days: 3.75% ($60.50 ÷ ($2,400 - 60.50))
Annualized Return: 31.60%
Breakeven: $23.395 ($24 - $0.605)
Probability of Profit: 90.29%
CFRA raises NOK price target to $22 from $16 while maintaining buy rating.
Buy 100 MRVL: $30,165 ($301.65 × 100)
Premium received: $730.00
ROI for 14 days: 2.48% ($730.00 ÷ ($40,000 - 730.00))
Annualized Return: 63.14%
Breakeven: $392.700 ($400 - $7.300)
Probability of Profit: 90.11%
What cash secured put is
- You sell a put option on a stock you’re willing to own.
- You collect a premium upfront—your maximum profit if the option expires worthless.
- If the stock falls below the strike at expiration, you may be assigned and must buy 100 shares per contract at the strike price (effective cost = strike – premium).
- You keep enough cash to cover the potential purchase, hence “cash-secured.”
Typical uses:
- Income generation: earn regular premium income.
- Buying at a discount: get assigned shares at an effective lower price.
What covered call is
- You already own the stock and sell a call option against it (“covered”).
- You collect a premium upfront as income.
- If the stock stays below the strike, the call expires worthless and you keep both shares and premium.
- If the stock rises above the strike, you sell at that price (capping upside) but still keep the premium.
Typical uses:
- Income generation: earn option premiums while holding shares.
- Exit strategy: sell at a target price while generating extra income.
Strategy Notes
- Focus on higher probabilities for safer trades.
- Monitor implied volatility—higher IV means richer premiums but greater price swings.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period. Certain complex option strategies carry additional risk, including potential losses that may exceed the original investment amount. If applicable, supporting documentation for any claims will be furnished upon request.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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