Bullish option flow detected in Marvell with 35,455 calls trading, 4x expected, and implied vol increasing almost 2 points to 39.80%. 7/12 weekly 75 calls and 7/12 weekly 74 calls are the most active options, with total volume in those strikes near 20,600 contracts. The Put/Call Ratio is 0.06. Earnings are expected on August 29th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRVL:
- Wall Street’s Best Analyst Bets on These 2 Chip Stocks — Here’s Why You Might Want to Follow His Lead
- Marvell Technology, Inc. Declares Quarterly Dividend Payment
- Marvell call volume above normal and directionally bullish
- Bet On It: Macau bounces back to pre-pandemic levels
- Marvell positioned for increased momentum in AI, says Argus