Mixed options sentiment in Marvell (MRVL), with shares down 66c near $76.62. Options volume running well above average with 51k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.64. Implied volatility (IV30) dropped 1.2 near 62.96,and above the 52wk median, suggesting an expected daily move of $3.04. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Marvell (MRVL) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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