Mixed options sentiment in Marvell (MRVL), with shares up $2.49, or 2.8%, near $91.39. Options volume relatively light with 40k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.72. Implied volatility (IV30) dropped 0.52 near 52.53,and below the 52wk median, suggesting an expected daily move of $3.02. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Summit Insights.
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