Moderately bullish activity in Marvell (MRVL), with shares up $5.63, or 7.37%, near $81.97. Options volume more than double the daily average with 222k contracts traded and calls leading puts for a put/call ratio of 0.55, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 6.4 points near 64.91,in the top quartile of the past year, suggesting an expected daily move of $3.35. Put-call skew steepened, indicating increased demand for downside protection.
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