Moderately bullish activity in Marvell (MRVL), with shares down $4.79 near $85.83. Options volume roughly in line with average with 154k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 5.6 points near 62.36,and above the 52wk median, suggesting an expected daily move of $3.37. Put-call skew flattened, suggesting a modestly bullish tone.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MRVL:
- Marvell price target raised to $115 from $95 at Oppenheimer
- Mixed options sentiment in Marvell with shares down 1.02%
- Unity, Lam, Oneok, Marvell, Credo: Trending by Analysts
- Marvell Stock (MRVL) Falls on TD Cowen’s Downgrade, Price Target Cut
- Mixed options sentiment in Marvell with shares down 2.02%
