Marvell Technology (MRVL) is among the most actively traded names Friday morning. The stock is up $3.00 to $17.08 on the heels of an upbeat earnings report. 31,000 calls has traded, roughly double the number of put options. For the quarter, MRVL posted 24 cents a share, compared to a 9-cent loss a year ago. Revenues rose 27 percent to $804.1 million. Analysts were looking for 13 cents on $783.56 million. Cost cuts and better than expected wireless device sales helped drive the strong results. The Microchip design company provides chips to some of the most popular wireless devices including iPhones and Blackberrys. Marvell is expected to announce its entry into the flash memory market next week.