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Mixed options sentiment in Marvell (MRVL), with shares up $4.62 (+7.74%) near $64.27 following a downgrade to Neutral at Cantor Fitzgerald.

Options volume is running well above average, with 85k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 1.02. Implied volatility (IV30) dropped 4.35 to 62.08,in the top quartile, suggesting an expected daily move of $2.51. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Marvell (MRVL) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

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