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Barchart
Barchart
Mark R. Hake, CFA

Marvell Technology's Unusual Put Option Activity Shows Investors Like MRVL Stock

MRVL Marvell Technology Marvel Marvell Barchart

Today, large, unusual activity in Marvell Technology Inc (MRVL) put options traded at an out-of-the-money (OTM) strike price. This implies that investors are bullish on MRVL stock. Moreover, its strong free cash flow (FCF) implies that MRVL stock could be worth 32% more at $75 per share.

MRVL is at $57.00 in morning trading on Wednesday, April 30. That is well off its 6-month high of $126.06 on Jan. 23, but up from a low of $49.43 on April 4. 

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