Moderately bullish activity in Marvell with shares up 2.17%

Moderately bullish activity in Marvell (MRVL), with shares up $1.39 (+2.17%) near $65.20.Options volume running well above average with 88k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.91. Implied volatility (IV30) is higher by 1.8 points near 71.55, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.94. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Marvell (MRVL) will report earnings after the close on 2025-05-29.Option markets are pricing in a 50% probability of a move greater than 12.72% or $8.29. following a downgrade to Hold at Melius Research.