What the Options Market Tells Us About Marvell Tech

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 47 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $1,407,090 and 36, calls, for a total amount of $3,990,392.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $150.0 for Marvell Tech over the last 3 months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marvell Tech's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marvell Tech's whale trades within a strike price range from $70.0 to $150.0 in the last 30 days.

Marvell Tech Call and Put Volume: 30-Day Overview

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MRVL PUT SWEEP BULLISH 01/31/25 $2.45 $0.77 $1.38 $97.00 $840.4K 0 0
MRVL CALL TRADE NEUTRAL 02/21/25 $5.1 $4.7 $4.9 $130.00 $490.0K 6.3K 5.5K
MRVL CALL TRADE BULLISH 02/21/25 $4.9 $4.7 $4.9 $130.00 $490.0K 6.3K 5.5K
MRVL CALL TRADE NEUTRAL 02/21/25 $5.1 $4.7 $4.9 $130.00 $490.0K 6.3K 5.5K
MRVL CALL SWEEP BEARISH 06/18/26 $29.3 $29.05 $29.05 $120.00 $416.3K 425 27

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.

Where Is Marvell Tech Standing Right Now?

  • Trading volume stands at 11,250,920, with MRVL's price down by -8.87%, positioned at $113.71.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 79 days.

What The Experts Say On Marvell Tech

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $121.0.

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. * An analyst from Benchmark downgraded its action to Buy with a price target of $135. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Marvell Tech with a target price of $115. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Marvell Tech with a target price of $110. * In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $120. * An analyst from B of A Securities persists with their Buy rating on Marvell Tech, maintaining a target price of $125.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marvell Tech options trades with real-time alerts from Benzinga Pro.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!