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Moderately bullish activity in Marvell with shares up 0.5%

Moderately bullish activity in Marvell (MRVL), with shares up 68c, or 0.5%, near $134.50. Options volume running well above average with 171k contracts traded and calls leading puts for a put/call ratio of 0.87, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 0.9 points near 63.5,and above the 52wk median, suggesting an expected daily move of $5.38. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Overweight at Barclays.

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