Calls Purchased on Marvell Technology Group

Shares of Marvell Technology Group MRVL are lower on the session by 1.67%, currently trading at $11.78. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. Volume is spiking in the August, September, and November contracts, where nearly every strike from $12.00-19.00 is seeing significant volume. Overall call volume is now running at 2.69x the daily average with 68% of all calls traded being purchases on the offer. Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products.