Investors with a lot of money to spend have taken a bearish stance on Marvell Tech MRVL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MRVL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 24 uncommon options trades for Marvell Tech.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $177,738, and 22 are calls, for a total amount of $1,844,880.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $85.0 for Marvell Tech over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marvell Tech's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marvell Tech's substantial trades, within a strike price spectrum from $30.0 to $85.0 over the preceding 30 days.
Marvell Tech 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRVL | CALL | SWEEP | BULLISH | 03/15/24 | $60.00 | $673.4K | 22.1K | 12 |
| MRVL | CALL | SWEEP | BULLISH | 03/15/24 | $70.00 | $234.0K | 2.2K | 1.0K |
| MRVL | PUT | SWEEP | BEARISH | 01/19/24 | $62.50 | $139.4K | 937 | 943 |
| MRVL | CALL | TRADE | NEUTRAL | 03/15/24 | $65.00 | $102.5K | 2.7K | 1.1K |
| MRVL | CALL | SWEEP | BULLISH | 03/15/24 | $65.00 | $89.0K | 2.7K | 1.6K |
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.
Marvell Tech's Current Market Status
- Trading volume stands at 9,375,915, with MRVL's price up by 6.88%, positioned at $64.04.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 52 days.
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.
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