Financial giants have made a conspicuous bullish move on Marvell Tech. Our analysis of options history for Marvell Tech MRVL revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $102,931, and 8 were calls, valued at $773,696.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $42.5 to $100.0 for Marvell Tech during the past quarter.
Volume & Open Interest Trends
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 $42.5 to $100.0 in the last 30 days.
Marvell Tech 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRVL | CALL | SWEEP | BEARISH | 09/20/24 | $60.00 | $280.8K | 307 | 0 |
| MRVL | CALL | SWEEP | BEARISH | 09/20/24 | $60.00 | $161.9K | 307 | 239 |
| MRVL | CALL | SWEEP | BULLISH | 04/19/24 | $67.50 | $138.4K | 3.4K | 25 |
| MRVL | CALL | SWEEP | BULLISH | 01/17/25 | $85.00 | $48.9K | 4.1K | 1 |
| MRVL | CALL | SWEEP | NEUTRAL | 01/17/25 | $75.00 | $44.2K | 2.4K | 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.
Having examined the options trading patterns of Marvell Tech, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Marvell Tech
- Trading volume stands at 2,395,434, with MRVL's price down by -0.08%, positioned at $65.01.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 64 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 $91.6.
- Maintaining their stance, an analyst from Wolfe Research continues to hold a Outperform rating for Marvell Tech, targeting a price of $90.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Marvell Tech, which currently sits at a price target of $90.
- An analyst from Piper Sandler downgraded its action to Overweight with a price target of $100.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Marvell Tech with a target price of $95.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Marvell Tech with a target price of $83.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
