Looking At Marvell Tech's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 100% bearish. Out of all the options uncovered, 9 are puts, for a total amount of $365,705, and there was 1 call, for a total amount of $26,820. The price of MRVL is down -1.16% at $46.71.
October 30, 2023 | 4:00 pm
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Unusual options activity indicates a significant bearish stance on Marvell Tech. The price of MRVL is down -1.16% at $46.71.
The unusual options activity, with a significant number of puts, indicates that big-money traders are expecting the price of Marvell Tech to decrease. This bearish sentiment is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100