Bearish flow noted in Marvell with 6,975 puts trading, or 3x expected. Most active are 12/22 weekly 43 puts and Nov-23 54 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 1 point on the day. Earnings are expected on November 30th.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MRVL:
- David Tepper’s Appaloosa buys KE Holdings, exits Apple in Q3
- Kraft Heinz upgraded, AMD initiated: Wall Street’s top analyst calls
- Marvell initiated with a Buy at Roth MKM
- Marvell call volume above normal and directionally bullish
- Nvidia, chip peers slide after U.S. strengthens restrictions on advanced semis
