Whales with a lot of money to spend have taken a noticeably bullish stance on Marvell Tech.
Looking at options history for Marvell Tech (NASDAQ:MRVL) we detected 47 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $1,407,090 and 36, calls, for a total amount of $3,990,392.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $150.0 for Marvell Tech over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $70.0 to $150.0 in the last 30 days.
Marvell Tech Call and Put Volume: 30-Day Overview
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 | SWEEP | BULLISH | 01/31/25 | $2.45 | $0.77 | $1.38 | $97.00 | $840.4K | 0 | 0 |
| MRVL | CALL | TRADE | NEUTRAL | 02/21/25 | $5.1 | $4.7 | $4.9 | $130.00 | $490.0K | 6.3K | 5.5K |
| MRVL | CALL | TRADE | BULLISH | 02/21/25 | $4.9 | $4.7 | $4.9 | $130.00 | $490.0K | 6.3K | 5.5K |
| MRVL | CALL | TRADE | NEUTRAL | 02/21/25 | $5.1 | $4.7 | $4.9 | $130.00 | $490.0K | 6.3K | 5.5K |
| MRVL | CALL | SWEEP | BEARISH | 06/18/26 | $29.3 | $29.05 | $29.05 | $120.00 | $416.3K | 425 | 27 |
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.
Where Is Marvell Tech Standing Right Now? Trading volume stands at 11,250,920, with MRVL's price down by -8.87%, positioned at $113.71. RSI indicators show the stock to be may be approaching overbought. Earnings announcement expected in 79 days. What The Experts Say On Marvell Tech
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $121.0.
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 Benchmark downgraded its action to Buy with a price target of $135. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Marvell Tech with a target price of $115. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Marvell Tech with a target price of $110. * In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $120. * An analyst from B of A Securities persists with their Buy rating on Marvell Tech, maintaining a target price of $125.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
