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Marvell put volume heavy and directionally bearish

Bearish flow noted in Marvell with 13,981 puts trading, or 3x expected. Most active are 9/29 weekly 50 puts and 10/13 weekly 58 calls, with total volume in those strikes near 11,900 contracts. The Put/Call Ratio is 3.06, while ATM IV is up over 1 point on the day. Earnings are expected on November 30th.

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