Options Brief: Marvell Technology Group (MRVL)

Shares of Marvell Technology Group (NASDAQ: MRVL) are lower on the session by 1.14%, trading at $15.67.

Overall put volume is now running at 4.73x the daily average, with 3% of all puts traded being purchases on the offer. 47,638 contracts have traded on the session so far.

Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The company develops complex system-on-a-chip devices using its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing and embedded advanced RISC machine (ARM)-based microprocessor integrated circuits.