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Option traders moderately bearish in Marvell with shares down 4.74%

Option traders moderately bearish in Marvell (MRVL), with shares down $4.09 near $82.36. Options volume roughly in line with average with 80k contracts traded and puts leading calls for a put/call ratio of 1.63, compared to a typical level near 0.66. Implied volatility (IV30) dropped 2.47 near 80.42, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.17. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Marvell (MRVL) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

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