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Marvell Tech's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | August 14, 2024 04:00pm

Financial giants have made a conspicuous bullish move on Marvell Tech. Our analysis of options history for Marvell Tech (NASDAQ:MRVL) revealed 12 unusual trades.

Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $708,750, and 9 were calls, valued at $429,071.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $75.0 for Marvell Tech during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marvell Tech's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marvell Tech's whale trades within a strike price range from $60.0 to $75.0 in the last 30 days.

Marvell Tech Option Activity Analysis: Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MRVL PUT TRADE BEARISH 06/20/25 $12.0 $11.75 $12.0 $67.50 $573.6K 426 478
MRVL CALL SWEEP BULLISH 03/21/25 $10.65 $10.55 $10.65 $62.50 $100.1K 164 95
MRVL PUT SWEEP BULLISH 09/20/24 $12.25 $12.1 $12.1 $75.00 $72.6K 1.0K 0
MRVL CALL SWEEP BEARISH 09/06/24 $3.0 $2.73 $2.83 $67.00 $68.4K 20 252
MRVL PUT SWEEP BEARISH 08/16/24 $1.26 $1.23 $1.26 $64.00 $62.5K 518 551

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.

After a thorough review of the options trading surrounding Marvell Tech, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Marvell Tech

  • With a trading volume of 4,924,944, the price of MRVL is down by -1.16%, reaching $63.31.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 15 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Marvell Tech with Benzinga Pro for real-time alerts.

Posted In: MRVL

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