Options Brief: Marvell Technology Group Ltd.

Shares of Marvell Technology Group Ltd. MRVL are higher on the session by 10.44%, trading at $16.08. Overall call volume is now running at 2.03x the daily average, with 40% of all calls traded being purchases on the offer. 48,760 contracts have traded on the session so far. Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The company develops complex system-on-a-chip devices using its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing and embedded advanced RISC machine (ARM)-based microprocessor integrated circuits.