Options Trading Stir-Up: MRVL, GPI, AMBC

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Marvell Technology Inc (MRVL)

In the universe of options trading, Marvell Technology Inc (Symbol: MRVL) is causing quite a stir today. A total volume of 95,574 contracts has already changed hands. That is equivalent to approximately 9.6 million underlying shares, making it stand out at 53.2% of MRVL’s average daily trading volume over the past month. The spotlight is on the $80 strike call option expiring April 19, 2024, with 9,380 contracts trading so far. This represents about 938,000 underlying shares of MRVL.

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Group 1 Automotive, Inc. (GPI)

Turning our attention to Group 1 Automotive, Inc. (Symbol: GPI), we find options trading volume reaching 714 contracts today. This volume represents about 71,400 underlying shares, making up approximately 53.1% of GPI’s average daily trading volume over the past month of 134,510 shares. Notably, the $200 strike call option expiring July 19, 2024, saw 399 contracts trading today, equivalent to about 39,900 underlying shares of GPI.

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Ambac Financial Group, Inc. (AMBC)

In the AMBC corner, options trading shows a volume of 2,060 contracts today. This amount represents roughly 206,000 underlying shares, marking a substantial 51.2% of AMBC’s average daily trading volume over the past month, which stands at 402,515 shares. Noteworthy interest is seen in the $14 strike call option expiring on August 16, 2024, with 993 contracts traded so far today – equivalent to approximately 99,300 underlying shares of AMBC.

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For more detailed information on different available expirations for MRVL options, GPI options, or AMBC options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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