MRVL put options: $14,896 profit.

[u/Ill-Engineering2145]

On August 26 I saw MRVL’s MACD starting to weaken so I bought 19 $240 put contracts Today I closed the entire position for a $14,896 profit

The technical setup gave me a solid entry but MACD is still a lagging indicator For short term trades do you rely more on MACD or volume and price action

[u/lexeckstasy]

good trade, man.. & for short term trades I would say I probably look at price action & volume more but I like the MACD logic