Moderately bullish activity in Marvell with shares up 3.5%

Moderately bullish activity in Marvell (MRVL), with shares up $3.19, or 3.5%, near $94.11. Options volume relatively light with 18k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.0 points near 78.96, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.68. Put-call skew steepened, indicating increased demand for downside protection.