Moderately bullish activity in Marvell with shares up 5.08%

Moderately bullish activity in Marvell (MRVL), with shares up $7.95, or 5.08%, near $164.52. Options volume roughly in line with average with 116k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 0.2 points near 84.48, in the highest 10% of observations over the past year, suggesting an expected daily move of $8.76. Put-call skew flattened, suggesting a modestly bullish tone.