Moderately bullish activity in Marvell with shares up 3.34%

Moderately bullish activity in Marvell (MRVL), with shares up $5.95, or 3.34%, near $183.90. Options volume running well above average with 156k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.76. Implied volatility (IV30) is higher by 4.4 points near 101.9, in the highest 10% of observations over the past year, suggesting an expected daily move of $11.80. Put-call skew steepened, indicating increased demand for downside protection.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 12.03% or $22.12.