Marvell finished the session at USD 141.20, up 5.73%.
Large options trades showed a decisive bullish lean, led by a $2.07 million call purchase on the $150.00 strike expiring November 13, 2026. That buy outweighed a $1.49 million call sale at the same strike, indicating conviction for further upside while flagging resistance near $150.00. With the Call/Put volume ratio at 1.99 and elevated implied volatility, flow suggests institutions are positioning for continued gains but still managing exposure around that key level.
>>Don’t Let Fees Quietly Eat Into Your Returns — Get up to SGD 200 in Options Rewards!
Options Indicators
Marvell’s implied volatility currently stands at 91.53%, while its IV percentile is 77.29%, which places current volatility in an elevated range and indicates that options are priced expensively relative to their own historical levels. At the same time, the IV/HV ratio of 0.85 suggests implied volatility is running somewhat below realized volatility, so although option premiums are rich on a percentile basis, they are not fully overstating the stock’s actual recent movement. Overall, the options market is reflecting heightened volatility expectations, but not to an extreme degree versus recent historical realized swings. The Call/Put volume ratio is 1.99.
Large Trades
A call purchase worth $2.07 million was the largest displayed trade, consisting of 3,996 contracts of the November 13, 2026 $150.00 call bought while the stock reference price was $141.20. That strike sits out of the money, so the buyer is positioning for upside beyond $150.00 by expiration, and the trade reflects a clearly bullish directional bet with leverage to a continued advance in MRVL.
A call sale worth $1.49 million was the other displayed large trade, involving 2,677 contracts of the November 13, 2026 $150.00 call sold at an out-of-the-money strike versus the $141.20 stock reference. As a single-leg short call, this is a bearish to capped-upside expression, consistent with premium collection or a view that MRVL may struggle to rally through $150.00 over the life of the option; overall, however, the bulk-order flow still leans bullish, as upside exposure from the larger call buying and the additional bullish put-selling activity outweighed the bearish call sale, suggesting institutional sentiment favors further gains while acknowledging some resistance near the $150.00 level.
Strategy Reference
For a low assignment probability on a short call, sellers may consider the November 13, 2026 $180.00 strike, while traders seeking defined risk without heavy margin could use a call debit spread such as buying the $150.00 call and selling the $170.00 call of the same expiration.