Weekly Call Options in MRVL See a Buyer - Marvell Tech (NASDAQ:MRVL)

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Marvell Technology Group Ltd. (Nasdaq: MRVL) shares are trying to climb out of the doldrums after setting a new 52 week low of $10.27 back on July 12th. The stock has recouped 12.5% of its value since then and Monday's option activity suggest this uptrend could continue over the next few trading days. A multi-exchange sweep of 3,500 weekly August 3rd 12 calls on the offer of $0.05 looks like a cheap option play that shares will break above $12.00 by the close this Friday. A total of 4,300 contracts have traded in this strike on the day, accounting for more than 60% of the volume in MRVL's options.

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