Benzinga's options scanner has just identified more than 13 option transactions on Marvell Tech MRVL, with a cumulative value of $546,406. Concurrently, our algorithms picked up 5 puts, worth a total of 225,148.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $82.5 for Marvell Tech, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Marvell Tech stands at 1733.5, with a total volume reaching 1,792.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Marvell Tech, situated within the strike price corridor from $60.0 to $82.5, throughout the last 30 days.
Marvell Tech Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MRVL | CALL | SWEEP | BULLISH | 12/20/24 | $5.25 | $5.1 | $5.2 | $80.00 | $80.0K | 4.0K | 13 |
| MRVL | CALL | SWEEP | BULLISH | 05/16/25 | $18.15 | $17.95 | $18.1 | $65.00 | $66.9K | 49 | 46 |
| MRVL | PUT | SWEEP | BULLISH | 03/21/25 | $3.4 | $3.25 | $3.3 | $62.50 | $62.3K | 1.2K | 189 |
| MRVL | CALL | SWEEP | BULLISH | 05/16/25 | $18.15 | $18.0 | $18.15 | $65.00 | $58.0K | 49 | 80 |
| MRVL | PUT | SWEEP | BULLISH | 03/21/25 | $2.83 | $2.63 | $2.63 | $60.00 | $55.4K | 1.3K | 212 |
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
- Trading volume stands at 2,153,506, with MRVL's price up by 3.42%, positioned at $76.54.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 46 days.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
