Schaeffer's Top Stock Picks for '25

Marvell Technology Group Ltd. (MRVL) Rally Has Option Bulls Biting

Short-term strikes are in demand at Marvell Technology Group Ltd. (MRVL)

Digital Content Group
Jan 8, 2015 at 12:42 PM
facebook X logo linkedin


Marvell Technology Group Ltd. (NASDAQ:MRVL) is soaring on a price-target revision to $18 from $16.50 at Nomura, which also underscored its "buy" opinion. At last check, the stock was 6.7% higher at $16.05 -- its first time north of $16 since early June. Not surprisingly, calls are flying off the shelves at 16 times the expected intraday rate, and short-term strikes are in focus, per MRVL's 30-day at-the-money implied volatility -- up 11.9% to 39.6%.

Speaking of which, buy-to-open activity can be detected at the stock's January 2015 15.50-strike and February 17 calls, where a collective 17,242 contracts have been exchanged. In other words, these speculators anticipate MRVL will continue rallying through the respective expiration dates.

If these expectations come to fruition, the semiconductor issue could benefit from potential upgrades and/or additional price-target hikes. Fifty-five percent of covering analysts rate Marvell Technology Group Ltd. (NASDAQ:MRVL) a "hold" or worse, and its consensus 12-month price target of $16.10 is just a chip-shot away from current trading levels.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));