Deep-pocketed investors have adopted a bearish approach towards Marvell Tech (NASDAQ:MRVL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 2 are puts, totaling $125,130, and 7 are calls, amounting to $527,266.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $52.5 and $90.0 for Marvell Tech, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Marvell Tech stands at 2819.5, with a total volume reaching 2,079.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marvell Tech, situated within the strike price corridor from $52.5 to $90.0, throughout the last 30 days.
Marvell Tech Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MRVL | CALL | SWEEP | BULLISH | 01/17/25 | $2.25 | $2.13 | $2.24 | $90.00 | $198.1K | 5.4K | 888 |
| MRVL | CALL | SWEEP | BULLISH | 01/17/25 | $9.3 | $9.2 | $9.3 | $70.00 | $139.5K | 5.8K | 167 |
| MRVL | PUT | SWEEP | BULLISH | 10/18/24 | $2.6 | $2.55 | $2.55 | $75.00 | $99.1K | 2.4K | 392 |
| MRVL | CALL | SWEEP | BEARISH | 12/20/24 | $3.95 | $3.85 | $3.85 | $80.00 | $66.2K | 4.0K | 189 |
| MRVL | CALL | SWEEP | BEARISH | 12/20/24 | $3.95 | $3.9 | $3.9 | $80.00 | $33.5K | 4.0K | 275 |
About Marvell Tech
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Present Market Standing of Marvell Tech
- Trading volume stands at 3,687,443, with MRVL's price up by 1.96%, positioned at $73.96.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 49 days.
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