Moderately bullish activity in Marvell with shares up 1.12%

Moderately bullish activity in Marvell (MRVL), with shares up $1.72, or 1.12%, near $154.95. Options volume roughly in line with average with 50k contracts traded and calls leading puts for a put/call ratio of 0.88, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 2.7 points near 81.05, in the highest 10% of observations over the past year, suggesting an expected daily move of $7.91. Put-call skew steepened, indicating increased demand for downside protection.