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Moderately bullish activity in Marvell with shares up 2.54%

Moderately bullish activity in Marvell (MRVL), with shares up $1.71, or 2.54%, near $69.14. Options volume relatively light with 78k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 1.6 points near 46.37,and below the 52wk median, suggesting an expected daily move of $2.02. Put-call skew steepened, indicating increased demand for downside protection.

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