Moderately bullish activity in Marvell (MRVL), with shares down $1.70 near $85.06. Options volume relatively light with 51k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.72. Implied volatility (IV30) is higher by 0.8 points near 49.11,in the bottom quartile of the past year, suggesting an expected daily move of $2.63. Put-call skew flattened, suggesting a modestly bullish tone.
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