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Moderately bullish activity in Marvell with shares up 6.34%

Moderately bullish activity in Marvell (MRVL), with shares up $5.55, or 6.34%, near $93.14. Options volume roughly in line with average with 84k 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 7.8 points near 73.55, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.32. Put-call skew steepened, indicating increased demand for downside protection.

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