Mixed options sentiment in Marvell (MRVL), with shares down $1.70 near $82.38. Options volume relatively light with 54k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.57. Implied volatility (IV30) dropped 0.35 near 50.37,and below the 52wk median, suggesting an expected daily move of $2.61. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at TD Cowen.
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