Moderately bullish activity in Marvell with shares up 1.46%

Moderately bullish activity in Marvell (MRVL), with shares up $2.73, or 1.46%, near $189.53. Options volume relatively light with 96k contracts traded and calls leading puts for a put/call ratio of 0.95, compared to a typical level near 0.77. Implied volatility (IV30) dropped 6.66 near 91.25, in the highest 10% of observations over the past year, suggesting an expected daily move of $10.89. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Marvell (MRVL) will report earnings after the close on 2026-05-27.Option markets are pricing in a 50% probability of a move greater than 9.93% or $18.82.