Marvell Tech Unusual Options Activity For June 02
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Marvell Tech (NASDAQ:MRVL), with a large position indicating a bullish stance. Benzinga's options scanner spotted 15 uncommon options trades, with 60% bullish and 40% bearish sentiment. Whales have been targeting a price range of $30 to $65 for Marvell Tech over the last 3 months.

June 02, 2023 | 4:16 pm
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POSITIVE IMPACT
Marvell Tech (NASDAQ:MRVL) has seen unusual options activity, with a large bullish position indicating potential price movement. Whales have targeted a $30-$65 price range over the last 3 months.
The unusual options activity in Marvell Tech suggests that a large investor or institution is taking a bullish stance on the stock. This could potentially lead to a short-term increase in the stock price, as the market may interpret this activity as a sign of positive sentiment. Additionally, the targeted price range of $30-$65 over the last 3 months indicates that there is potential for price movement within this range.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100