Marvell Technology Group, Ltd (MRVL)
Options investors are placing near-term bearish on the semiconductor company today with shares in Marvell.
- Pessimists purchased roughly 3,000 puts at the January $21 strike for an average premium of $0.25 per contract
- Bearish sentiment spread to the February $21 strike where another 1,100 put options were picked up for an average premium of $0.68 a-pop
It looks like another investor is taking a bullish stance on the semiconductor maker in the May contract. The trader purchased 500 calls at the May $23 strike for a premium of $1.19 each, and sold the same number of calls up at the May $26 strike at a premium of $0.44 apiece. The net cost of the spread amounts to $0.75 per contract