Looking At Marvell Tech's Recent Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on Marvell Tech.

Looking at options history for Marvell Tech MRVL we detected 50 trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 48% with bearish.

From the overall spotted trades, 18 are puts, for a total amount of $2,356,081 and 32, calls, for a total amount of $1,348,573.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $125.0 for Marvell Tech over the last 3 months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marvell Tech's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marvell Tech's significant trades, within a strike price range of $37.5 to $125.0, over the past month.

Marvell Tech 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.

Marvell Tech's Current Market Status

• Currently trading with a volume of 6,409,763, the MRVL's price is down by -0.87%, now at $69.2.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 70 days.

What The Experts Say On Marvell Tech

In the last month, 5 experts released ratings on this stock with an average target price of $107.4.

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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. * An analyst from Citigroup has decided to maintain their Buy rating on Marvell Tech, which currently sits at a price target of $122. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Marvell Tech with a target price of $120. * An analyst from Loop Capital upgraded its action to Buy with a price target of $110. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Marvell Tech with a target price of $95. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Marvell Tech with a target price of $90.

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