Investors who can spend a lot of money have taken an optimistic stance Marvell Technology MRVL.

And private traders should know.

We noticed this today when the trades appeared in the publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with MRVL, it often means that someone knows something is going to happen.

So how do we know what these investors just did?

Today, Benzinga’s Options Scanner discovered 23 unusual options trades for Marvell Tech.

This is not normal.

The overall sentiment of these wholesalers is 60% optimistic and 34% pessimistic.

Of all the special options we discovered, 12 are put options with a total amount of $730,902 and 11 are call options with a total amount of $671,543.

What is the course objective?

After evaluating the trading volumes and open interest, it is evident that major market players are focused on a price range between $62.5 and $90.0 for Marvell Tech, which covers the last three months.

Analysis of volume and open interest

In terms of liquidity and interest, the average open interest for Marvell Tech options trades today is 1198.2 with a total volume of 7,521.00.

In the chart below, we can track the evolution of volume and open interest of call and put options for Marvell Tech’s big money trades within a strike price range of $62.5 to $90.0 over the last 30 days.

Marvell Tech Option Volume and Open Interest in the last 30 days

Notable options activity:

About Marvell Tech

Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-largest market share. Marvell serves the data center, carrier, enterprise, automotive and consumer end markets with processors, optical and copper transceivers, switches and storage controllers.

After a thorough review of the options trading surrounding Marvell Tech, we now examine the company in more detail, including an assessment of its current market status and performance.

Current market position of Marvell Tech

• With a trading volume of 9,090,200, the price of MRVL increased by 2.42% to reach $71.0.
• Current RSI readings suggest the stock may be overbought.
• The next results report is scheduled for in 10 days.

Options trading involves higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest options trades from Marvell Tech with real-time alerts from Benzinga Pro.