Whales with a lot of money to spend have taken a noticeably bearish stance on Marvell Tech ( MRVL ).
Looking at options history for Marvell Tech ( MRVL ) we detected 52 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, 29 are puts, for a total amount of $3,264,879 and 23, calls, for a total amount of $1,216,074.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $120.0 for Marvell Tech ( MRVL ) over the recent three months.
In terms of liquidity and interest, the mean open interest for Marvell Tech ( MRVL ) options trades today is 1727.55 with a total volume of 39,980.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's ( MRVL ) big money trades within a strike price range of $35.0 to $120.0 over the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MRVL | PUT | TRADE | BEARISH | 20.5K | 2.2K | ||||||
| MRVL | PUT | TRADE | NEUTRAL | 33 | 400 | ||||||
| MRVL | PUT | TRADE | BULLISH | 9 | 405 | ||||||
| MRVL | PUT | TRADE | BEARISH | 16 | 1.0K | ||||||
| MRVL | PUT | SWEEP | BEARISH | 379 | 142 |
Marvell Technology ( MRVL ) is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell ( MRVL ) serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Having examined the options trading patterns of Marvell Tech ( MRVL ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
With a volume of 10,334,825, the price of MRVL is down -1.5% at $61.11.
RSI indicators hint that the underlying stock may be oversold.
Next earnings are expected to be released in 59 days.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $115.4.
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* Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Marvell Tech ( MRVL ), targeting a price of $122.
* An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Marvell Tech ( MRVL ), which currently sits at a price target of $90.
* Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Marvell Tech ( MRVL ), targeting a price of $120.
* An analyst from Benchmark downgraded its action to Buy with a price target of $135.
* An analyst from Loop Capital has elevated its stance to Buy, setting a new price target at $110.
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 ( MRVL ) with Benzinga Pro for real-time alerts.
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