Bearish flow noted in Marvell with 11,204 puts trading, or 1.4x expected. Most active are Aug-23 35 puts and 3/24 weekly 40.5 puts, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 2.18, while ATM IV is up over 3 points on the day. Earnings are expected on May 25th.
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Published first on TheFly
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