Bearish flow noted in Marvell with 21,626 puts trading, or 3x expected. Most active are Nov-23 35 puts and Aug-23 35 puts, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 2.80, while ATM IV is up over 4 points on the day. Earnings are expected on May 25th.
Published first on TheFly
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