Whales with a lot of money to spend have taken a noticeably bullish stance on Marvell Tech.
Looking at options history for Marvell Tech MRVL we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $69,375 and 13, calls, for a total amount of $829,349.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $120.0 for Marvell Tech over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Marvell Tech stands at 2811.9, with a total volume reaching 4,424.00. 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 $30.0 to $120.0, throughout the last 30 days.
Marvell Tech Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MRVL | CALL | TRADE | BEARISH | 12/18/26 | $14.15 | $13.65 | $13.75 | $120.00 | $343.7K | 0 | 250 |
| MRVL | CALL | SWEEP | BULLISH | 12/20/24 | $8.7 | $8.6 | $8.65 | $80.00 | $64.8K | 8.9K | 99 |
| MRVL | CALL | TRADE | BEARISH | 01/16/26 | $57.7 | $52.7 | $54.15 | $30.00 | $54.1K | 45 | 10 |
| MRVL | CALL | TRADE | BULLISH | 11/15/24 | $2.82 | $2.78 | $2.82 | $85.00 | $49.0K | 5.3K | 789 |
| MRVL | CALL | SWEEP | BEARISH | 12/20/24 | $6.1 | $6.05 | $6.1 | $85.00 | $45.7K | 7.7K | 347 |
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.
Where Is Marvell Tech Standing Right Now?
- With a trading volume of 6,638,777, the price of MRVL is up by 2.24%, reaching $83.44.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 32 days from now.
Expert Opinions on Marvell Tech
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $91.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Marvell Tech, targeting a price of $91.
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.
