Investors with a lot of money to spend have taken a bearish stance on Marvell Tech MRVL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MRVL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Marvell Tech.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 81%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $313,528, and 6 are calls, for a total amount of $677,570.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $65.0 for Marvell Tech over the recent three months.
Volume & Open Interest Development
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 $50.0 to $65.0 in the last 30 days.
Marvell Tech Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRVL | CALL | TRADE | NEUTRAL | 12/15/23 | $50.00 | $169.5K | 2.0K | 425 |
| MRVL | CALL | TRADE | BULLISH | 12/15/23 | $52.50 | $162.0K | 2.1K | 10 |
| MRVL | PUT | SWEEP | BEARISH | 01/17/25 | $62.50 | $124.4K | 287 | 1 |
| MRVL | CALL | TRADE | NEUTRAL | 11/17/23 | $50.00 | $120.0K | 3.6K | 207 |
| MRVL | CALL | SWEEP | BEARISH | 12/15/23 | $50.00 | $113.0K | 2.0K | 425 |
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.
Current Position of Marvell Tech
- With a volume of 6,705,561, the price of MRVL is down -3.5% at $55.17.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 14 days.
Professional Analyst Ratings for Marvell Tech
In the last month, 1 experts released ratings on this stock with an average target price of $60.0.
- An analyst from Roth MKM downgraded its action to Buy with a price target of $60.
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 with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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