Deep-pocketed investors have adopted a bullish approach towards Marvell Tech MRVL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 40% bearish. Among these notable options, 3 are puts, totaling $150,614, and 12 are calls, amounting to $421,121.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $125.0 for Marvell Tech during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $70.0 to $125.0 in the last 30 days.
Marvell Tech Option Activity Analysis: Last 30 Days
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 | TRADE | BEARISH | 12/13/24 | $1.07 | $0.94 | $1.07 | $109.00 | $84.7K | 1.2K | 26 |
| MRVL | CALL | SWEEP | BEARISH | 02/21/25 | $5.95 | $5.85 | $5.85 | $115.00 | $73.1K | 2.2K | 151 |
| MRVL | CALL | SWEEP | BULLISH | 12/20/24 | $1.2 | $1.13 | $1.19 | $115.00 | $47.6K | 8.8K | 488 |
| MRVL | CALL | SWEEP | BULLISH | 12/20/24 | $1.19 | $1.16 | $1.16 | $115.00 | $47.3K | 8.8K | 984 |
| MRVL | PUT | TRADE | BULLISH | 01/17/25 | $0.15 | $0.0 | $0.06 | $75.00 | $40.2K | 9.8K | 6.7K |
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.
Present Market Standing of Marvell Tech
- Currently trading with a volume of 6,926,407, the MRVL's price is down by -0.88%, now at $110.38.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 84 days.
What The Experts Say On Marvell Tech
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $116.4.
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 Wells Fargo persists with their Overweight rating on Marvell Tech, maintaining a target price of $110. * An analyst from Morgan Stanley persists with their Equal-Weight rating on Marvell Tech, maintaining a target price of $102. * An analyst from Oppenheimer has decided to maintain their Outperform rating on Marvell Tech, which currently sits at a price target of $110. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Marvell Tech, targeting a price of $125. * In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $135.
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.
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