Moderately bullish activity in Marvell with shares up 2.34%

Moderately bullish activity in Marvell (MRVL), with shares up $3.46, or 2.34%, near $151.30. Options volume running well above average with 211k contracts traded and calls leading puts for a put/call ratio of 0.82, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 1.4 points near 67.46,in the top quartile of the past year, suggesting an expected daily move of $6.43. Put-call skew steepened, indicating increased demand for downside protection.