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 15 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $399,340 and 8, calls, for a total amount of $414,518.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $90.0 for Marvell Tech, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 2686.64 with a total volume of 2,028.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $65.0 to $90.0 over the last 30 days.
Marvell Tech Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MRVL | CALL | SWEEP | BULLISH | 08/16/24 | $2.87 | $2.85 | $2.87 | $75.00 | $110.5K | 11.2K | 183 |
| MRVL | PUT | SWEEP | BULLISH | 06/20/25 | $7.35 | $7.2 | $7.25 | $65.00 | $84.8K | 443 | 0 |
| MRVL | PUT | SWEEP | BULLISH | 12/20/24 | $5.6 | $5.5 | $5.5 | $67.50 | $78.1K | 956 | 97 |
| MRVL | CALL | SWEEP | BEARISH | 01/16/26 | $16.15 | $14.2 | $14.95 | $80.00 | $74.6K | 393 | 0 |
| MRVL | PUT | TRADE | BULLISH | 09/20/24 | $4.3 | $4.2 | $4.2 | $70.00 | $63.0K | 3.9K | 10 |
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.
Where Is Marvell Tech Standing Right Now?
- Trading volume stands at 3,193,353, with MRVL's price down by -0.07%, positioned at $72.15.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 48 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.