Marvell Technology (MRVL) $5.38 -7.24%
Marvell Technology (MRVL, news, chart, volatility) is down 42 cents to $5.38 amid general weakness in the tech sector. Yet, sentiment in the options market is leaning on the bullish side, with 10,000 calls and only 536 puts traded. The May 5 calls are the most actives. 5,460 have traded, compared to open interest of 1,082. A little more than half (56 percent) has traded offerside. May 7.5 and December 7.5 calls are also seeing interest. Implied volatility is up from 95 late Friday to 100 ahead of an earnings report due out Tuesday after the closing bell.
Category: All Stocks, Mid Cap Stocks, Semiconductors
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
