Mixed options sentiment in Marvell (MRVL), with shares up $5.41, or 5.82%, near $98.30. Options volume extremely heavy with 193k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.68. Implied volatility (IV30) dropped 18.84 near 53.25,and below the 52wk median, suggesting an expected daily move of $3.30. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Summit Insights.The company announced earnings after the close on 2025-12-02with option markets having priced in a move of approximately 13.75%.
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