Bearish flow noted in Marvell with 14,230 puts trading, or 2x expected. Most active are Apr-23 34.5 puts and 4/28 weekly 33 puts, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 2.53, while ATM IV is up over 1 point on the day. Earnings are expected on May 25th.
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Published first on TheFly
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