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Investors with a lot of money to spend have taken a bullish stance on Marvell Tech (NASDAQ:MRVL).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MRVL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Marvell Tech.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $813,620, and 4 are calls, for a total amount of $204,711.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $57.5 to $60.0 for Marvell Tech over the last 3 months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marvell Tech's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marvell Tech's substantial trades, within a strike price spectrum from $57.5 to $60.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
MRVL | PUT | SWEEP | BULLISH | 09/20/24 | $4.85 | $4.8 | $4.85 | $57.50 | $340.4K | 6.7K | 1.0K |
MRVL | PUT | SWEEP | BULLISH | 09/20/24 | $5.05 | $4.95 | $4.95 | $57.50 | $206.9K | 6.7K | 1.4K |
MRVL | PUT | SWEEP | BULLISH | 09/20/24 | $5.05 | $4.95 | $4.95 | $57.50 | $192.0K | 6.7K | 1.0K |
MRVL | PUT | SWEEP | BULLISH | 09/20/24 | $4.85 | $4.75 | $4.75 | $57.50 | $74.1K | 6.7K | 21 |
MRVL | CALL | TRADE | BULLISH | 09/20/24 | $3.85 | $3.8 | $3.85 | $60.00 | $71.9K | 2.0K | 481 |
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.
1 market experts have recently issued ratings for this stock, with a consensus target price of $95.0.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marvell Tech options trades with real-time alerts from Benzinga Pro.
Posted In: MRVL