Moderately bullish activity in Marvell with shares up 5.78%

Moderately bullish activity in Marvell (MRVL), with shares up $4.92, or 5.78%, near $89.89. Options volume roughly in line with average with 37k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 0.4 points near 49.54,in the bottom quartile of the past year, suggesting an expected daily move of $2.81. Put-call skew steepened, indicating increased demand for downside protection.