Marvell Sees Deep-Pocketed Investors Take Bearish Stance, Benzinga Says
Deep-pocketed investors have adopted a bearish approach towards $Marvell Technology(MRVL.US$, Benzinga reported, citing 13 extraordinary options activities.
The heavyweight investors behind the trades are divided, with 53% of them bearish, and 38% leaning bullish, according to the report. The options include 3 puts, totaling $113,400, and 10 calls, amounting to $563,474.
The trading activities signal significant investors are aiming for a price territory stretching from $60 to $70 for Marvell's stock over the recent three months, Benzinga said. Shares traded at $66.945, up 3.2% at 10:50 a.m. in New York.
Read more here: Options Corner: Marvell Technology Sees Bearish Bets From Deep-Pocketed Investors
The heavyweight investors behind the trades are divided, with 53% of them bearish, and 38% leaning bullish, according to the report. The options include 3 puts, totaling $113,400, and 10 calls, amounting to $563,474.
The trading activities signal significant investors are aiming for a price territory stretching from $60 to $70 for Marvell's stock over the recent three months, Benzinga said. Shares traded at $66.945, up 3.2% at 10:50 a.m. in New York.
Read more here: Options Corner: Marvell Technology Sees Bearish Bets From Deep-Pocketed Investors
So far, the stock is still up. Do you expect the bears to take over?
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
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Posts and columns do not represent the views of MM. They’re not investment advice.
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