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Option traders moderately bearish in Marvell with shares down 0.27%

Option traders moderately bearish in Marvell (MRVL), with shares down 22c near $83.84. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.67, compared to a typical level near 0.76. Implied volatility (IV30) is higher by 3.2 points near 50.25,and below the 52wk median, suggesting an expected daily move of $2.65. Put-call skew steepened, indicating increased demand for downside protection.

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