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Mixed options sentiment in Marvell with shares up 1.17%

Mixed options sentiment in Marvell (MRVL), with shares up $1.02, or 1.17%, near $88.55. Options volume roughly in line with average with 50k contracts traded and puts leading calls for a put/call ratio of 1.58, compared to a typical level near 0.63. Implied volatility (IV30) dropped 0.93 near 79.59, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.44. 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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