Moderately bullish activity in Marvell with shares up 3.35%

Moderately bullish activity in Marvell (MRVL), with shares up $2.89, or 3.35%, near $89.11. Options volume relatively light with 55k contracts traded and calls leading puts for a put/call ratio of 0.42, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 3.8 points near 59.86,and above the 52wk median, suggesting an expected daily move of $3.36. Put-call skew steepened, indicating increased demand for downside protection.