Marvell Tech Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The majority of the special options uncovered are puts, with a total amount of $1,085,387, and a minority are calls, with a total amount of $76,498. The price range targeted by these investors for Marvell Tech over the last 3 months is from $45.0 to $80.0.
October 26, 2023 | 8:31 pm
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A large investor has taken a bearish stance on Marvell Tech, indicating potential downward pressure on the stock in the short term.
The unusual options activity, with a majority of puts, indicates that a large investor is expecting the price of Marvell Tech to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100