Wealthy investors are taking a bearish approach to Marvell Tech MRVL, and market players shouldn’t ignore this. The important move was revealed today after tracking Benzinga’s public option records. Although the identities of these investors remain unknown, such significant moves in MRVL usually signal that something big is about to happen.
We gleaned this information from today’s observations as Benzinga’s Options Scanner revealed 9 unusual options activity for Marvell Tech. This level of activity is unusual.
The overall mood of these leading investors is split, with 44% bullish and 55% bearish. Of these notable options, there are two puts totaling $125,130 and seven calls totaling $527,266.
Expected price changes
After evaluating the trading volume and open interest, it is clear that the major market trend traders are focused on Marvell Tech’s $52.5 to $90.0 price range over the past three months.
Volume and open interest trends
In today’s trading conditions, average open interest for Marvell Tech options is 2,819.5 and total volume stands at 2,079.00. The attached graph shows the volume and open interest of Marvell Tech’s high-trading call and put options within the $52.5 to $90.0 strike price corridor over the past 30 days.
Marvell Tech Call and Put Volume: 30 Day Overview
Largest options trade observed:
Symbol PUT/CALL Trade Type Sentiment Index Date Ask/Bid Price Strike Price Total Open Interest 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 4.0 K275
About Marvel Tech
Marvell Technology is a fabless chip design company focused on wired networks and has the second-highest market share. Marvell provides processors, optical transceivers, copper transceivers, switches, and storage controllers for data center, carrier, enterprise, automotive, and consumer end markets.
Marvell Tech’s current market position
With a trading volume of 3,687,443, MRVL price increased by 1.96% and is located at $73.96. The RSI indicator shows that the stock is currently neutral between overbought and oversold. Financial results are expected to be announced within 49 days.
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