$MRVL

S&P 500 (SPX) recorded the fourth consecutive weekly close last week, ultimately closing at the highest level since July. It also marks the longest weekly run since June. The benchmark U.S. stock market index is now testing key resistance near 4560, which is shaped by the trend line that connects the record high and 2023 high. Similarly, the Dow Jones Industrial Average (DJI) added 1.3% to also hit the downward trend line that connects recent swing highs. On the other hand, the Nasdaq Composite Index (IXIC) rose 0.9% but still managed to secure a weekly close above the key trendline, which will now provide support if the pullback occurs. Looking forward to this week, the Consumer Confidence report is out on Tuesday. On Wednesday, the Q3 GDP reading is expected to be released. A set of inflation-focused data is set to be out on Thursday, including personal income data for October. Manufacturing PMI and ISM manufacturing data is scheduled for Friday. Fed’s speakers, including Governor Waller and Presidents Goolsbee and Mester, are all scheduled to speak this week. On the earnings front, the most notable reporters include Zscaler (NASDAQ:ZS), Intuit (NASDAQ:INTU), Workday (NASDAQ:WDAY), Crowdstrike (CRWD), Salesforce (NYSE:CRM), and Snowflake (NYSE:SNOW). The list also includes Dollar Tree (NASDAQ:DLTR), Dell Technologies (NYSE:DELL), Marvel (MRVL), Kroger (NYSE:KR), Ulta Beauty (NASDAQ:ULTA), and UiPath (NYSE:PATH). What analysts are saying about US stocks Analysts at Oppenheimer: “Our feel is that bearish investors that largely missed S&P 500 gains in 2023 are gravitating towards the Russell 2000 in belief there’s greater potential in lagging benchmarks—we disagree. We maintain our preference for the S&P 500 given its weighting to Technology.” Analysts at BofA: “We expect CTA buying in the S&P 500 [this] week as the index has gained greater than 1% in each of the last four weeks turning its trend strength positive for the first time since early October. Our model initiated a long position [the] past week that will rapidly increase along any price path [this] week.” Analysts at Citi: “More S&P 500 companies are expected to positively contribute to index-level growth, fewer are projected to be significant detractors, and underlying EPS growth variation is set to decline… Ultimately, it supports our view that S&P 500 EPS can turn higher even as macro concerns linger.” Analysts at BTIG: “The Short-term Volatility Index (VIX9D) closed below 10 last week, the lowest reading since Jan. 2020. Volatility is a funny thing because it is often mean reverting, unless we are in a new regime… While we continue to expect some rotation into laggards, we don't think we are in a new regime and therefore as we head into December, a sub-13 VIX is likely a yellow light.” Analysts at Roth MKM: “As we enter the last few trading days of November, we find the S&P 500 could put in its best monthly gains of the year. Seasonal tailwinds often blow into December. The question becomes, can the indices hold their ground into year-end… We found when discretionary experienced an extremely strong November, similar to this month, positive returns were likely to follow in December.”

$AMZN Dec 125 C $BSX Nov 52.5 C $KMX Dec01 68 C $CL May 75 C $PBR Oct 17 C $SHOP Nov03 50 P $MRVL Nov24 44 P $MS Dec 60 P $SCHW Nov 5 P $HRB Nov 43 P $WBD Dec01 8.5 P $ABR Dec 12.5 P $HUYA Jan 3 P $AMZN Jan-25 100 P

$AMZN Dec 125 C $BSX Nov 52.5 C $KMX Dec01 68 C $CL May 75 C $PBR Oct 17 C $SHOP Nov03 50 P $MRVL Nov24 44 P $MS Dec 60 P $SCHW Nov 5 P $HRB Nov 43 P $WBD Dec01 8.5 P $ABR Dec 12.5 P $HUYA Jan 3 P $AMZN Jan-25 100 P

it be noce to see MRVL fill that gap already go in the oct p's yesterday

$mrvl wants close that gap

$MRVL-Bearish flow noted in Marvell (52.32 +0.02) with 13,981 puts trading, or 3x expected. The Put/Call Ratio is 3.06, while ATM IV is up over 1 point on the day. Earnings are expected on 11/30. The SEP 29th 50.00 Puts are being bought.

$JNJ 162.5 C $PENN Dec 25 C $AMZN 138 C $SNAP Sep 10 C $ZM Nov 90 C $SIRI Dec 5 C $PLUG Sep 8.5 C $FTCH Oct 3 C $VNO Nov 30 C $AAPL Sep 160 P $AAPL Oct 150 P $CHPT Sep08 5.5 P $SCHW Sep 58 P $MRVL Oct 47.5 P $SCHW Sep 54 P $BEKE Sep29 15 P $PTON Sep08 6/6.5/7 P $PLUG Sep 8 P

$JNJ 162.5 C $PENN Dec 25 C $AMZN 138 C $SNAP Sep 10 C $ZM Nov 90 C $SIRI Dec 5 C $PLUG Sep 8.5 C $FTCH Oct 3 C $VNO Nov 30 C $AAPL Sep 160 P $AAPL Oct 150 P $CHPT Sep08 5.5 P $SCHW Sep 58 P $MRVL Oct 47.5 P $SCHW Sep 54 P $BEKE Sep29 15 P $PTON Sep08 6/6.5/7 P $PLUG Sep 8 P

$LCID Sep 7 P $CRDO Sep 15 P $RIVN Sep 18 P $X Sep 28 P $PINS Jun-23 23 P $MRVL Sep22 47 P $FTCH Dec-25 1.5 P $XPEV Jan 15 P

$LCID Sep 7 P $CRDO Sep 15 P $RIVN Sep 18 P $X Sep 28 P $PINS Jun-23 23 P $MRVL Sep22 47 P $FTCH Dec-25 1.5 P $XPEV Jan 15 P

$PLTR Sep 20 C $FYBR Oct 17.5 C $MRVL Sep 75 C $TMUS Nov 140 C $PAA Oct 16 C $RUN Sep 15 C $SOFI Dec 15 C $VLD Jan 1,5 C $NKLA Oct 3 C

$PLTR Sep 20 C $FYBR Oct 17.5 C $MRVL Sep 75 C $TMUS Nov 140 C $PAA Oct 16 C $RUN Sep 15 C $SOFI Dec 15 C $VLD Jan 1,5 C $NKLA Oct 3 C

$U Aug 37 C $AMZN Sep01 145 C $TSM Sep 105 C $DFS Aug 93 C $VALE Sep 13 C $NU Oct 6 P $BSX Sep 50 P $MRVL Oct 45 P $HE Dec 10 P $JPM Nov 135 P $UPS Sep 165 P $UNP Oct 205 P

$U Aug 37 C $AMZN Sep01 145 C $TSM Sep 105 C $DFS Aug 93 C $VALE Sep 13 C $NU Oct 6 P $BSX Sep 50 P $MRVL Oct 45 P $HE Dec 10 P $JPM Nov 135 P $UPS Sep 165 P $UNP Oct 205 P

$MLCO Aug04 14 C $AFRM Aug04 19 C $ROKU Aug04 100 C $PLTR Aug04 20 C $DKNG Aug04 34.5 C $BSX Sep 52.5 C $F Aug 13.5 C $MRVL Aug 76 C $MSOS Sep 6 C $FSR Aug04 7 C $BL Aug 60 C $LYFT Aug04 13 C

$MLCO Aug04 14 C $AFRM Aug04 19 C $ROKU Aug04 100 C $PLTR Aug04 20 C $DKNG Aug04 34.5 C $BSX Sep 52.5 C $F Aug 13.5 C $MRVL Aug 76 C $MSOS Sep 6 C $FSR Aug04 7 C $BL Aug 60 C $LYFT Aug04 13 C

$RIVN 301% daily volume with put flow , $MRVL only 27% daily volume

also daytrade on $MRVL 60 puts this week

$KO Jun30 60 P $MRVL Aug11 51 P $MU Jul07 63.5 P $LUMN Jan 1.5 P $KEY Jul 9 P $AAL Nov 14 P $SOFI Jul 8 P

$KO Jun30 60 P $MRVL Aug11 51 P $MU Jul07 63.5 P $LUMN Jan 1.5 P $KEY Jul 9 P $AAL Nov 14 P $SOFI Jul 8 P

$AVTR Aug 17.5 P $LNG Jul 130 P $MTCH Aug 32.5 P $AGNC Jul 10 P $AAL Jul14 16 P $MU Aug 60 P $EWU Oct 30 P $SE Aug 45 P $AMZN Aug 105 P $SABR Jul-24 3 P $NKLA Jul 0.5 P $MRVL Aug 50 P $AMZN Jan 90 P $AAL Nov 15 P $DICE Dec 40 P

$AVTR Aug 17.5 P $LNG Jul 130 P $MTCH Aug 32.5 P $AGNC Jul 10 P $AAL Jul14 16 P $MU Aug 60 P $EWU Oct 30 P $SE Aug 45 P $AMZN Aug 105 P $SABR Jul-24 3 P $NKLA Jul 0.5 P $MRVL Aug 50 P $AMZN Jan 90 P $AAL Nov 15 P $DICE Dec 40 P

out of $MRVL, trying to get out of $PINS, need a nap

MRVL up post market, riding on NVDA gains

$MPW Jun02 8 P $C Jun 43 P $PTON Jun 6.5 P $AMZN Jan 115 P $MRVL Jun23 37 P $ZTS Oct 150 P

$MPW Jun02 8 P $C Jun 43 P $PTON Jun 6.5 P $AMZN Jan 115 P $MRVL Jun23 37 P $ZTS Oct 150 P

$PFE May05 40 C $MRVL May05 41 C $NCLH May05 14 C $USB May 35 C $CZR Mat05 47 C $WBD May 15 C $SNAP Jun 10 C $ISEE Sep 40 C $USB May 35 C $CAT Nov 240 C

$PFE May05 40 C $MRVL May05 41 C $NCLH May05 14 C $USB May 35 C $CZR Mat05 47 C $WBD May 15 C $SNAP Jun 10 C $ISEE Sep 40 C $USB May 35 C $CAT Nov 240 C

$MRVL 43C UOA

$PDD and $MRVL uoa's

$DAL Apr14 35.5 C $MU Apr14 67 C $HPQ Apr14 30 C $BTG May 5 C $MRVL Jun 40 C $KEY Apr 13 C $NOG May 34 C $WFC Jun 42.5 C $SNAP Apr 11.5 C $COIN Apr 70 C

$DAL Apr14 35.5 C $MU Apr14 67 C $HPQ Apr14 30 C $BTG May 5 C $MRVL Jun 40 C $KEY Apr 13 C $NOG May 34 C $WFC Jun 42.5 C $SNAP Apr 11.5 C $COIN Apr 70 C

$NKE May 125 C $CCJ Sep 32 C $SHOP Mar31 47 C $DAL May 35 C $MRVL Mar31 43 C $CRM Mar31 200 C $GM Jun 41 C $BABA Jun 105 C $EQT Apr 34 C $SQ Apr 85 C $CPSS Apr 12.5 C $WAL Apr03 36 C $INTC Jul 35 C $PACW Mar31 9.5 C

$NKE May 125 C $CCJ Sep 32 C $SHOP Mar31 47 C $DAL May 35 C $MRVL Mar31 43 C $CRM Mar31 200 C $GM Jun 41 C $BABA Jun 105 C $EQT Apr 34 C $SQ Apr 85 C $CPSS Apr 12.5 C $WAL Apr03 36 C $INTC Jul 35 C $PACW Mar31 9.5 C

$MRVL Mar24 43 C $SNAP Mar31 12 C $ONON Jul 35 C $ARKK Apr 35 C $PLBY Apr 2.5 C $KWEB Apr 34.5 C $KGC Jan 7 C $DKNG Mayt 17.5 C $AMPX Jul 12.5 C

$MRVL Mar24 43 C $SNAP Mar31 12 C $ONON Jul 35 C $ARKK Apr 35 C $PLBY Apr 2.5 C $KWEB Apr 34.5 C $KGC Jan 7 C $DKNG Mayt 17.5 C $AMPX Jul 12.5 C

$KWEB Mar31 30 C $INTC Mar 29 C $SNAP Mar24 11.5 C $DUK APr 110 C $TSM Mar 86 C $CVE Jun 19 C $DKNG Mar 19 C $SNAP Mar31 13 C $X Mar 26.5 C $GPS Apr 10 C $LCID Jun 10 C $HIMS Apr 11 C $PLTR Jun 13 C $GLW May 35 C $ALLY Apr 30 C $MRVL Mar 24 C

$KWEB Mar31 30 C $INTC Mar 29 C $SNAP Mar24 11.5 C $DUK APr 110 C $TSM Mar 86 C $CVE Jun 19 C $DKNG Mar 19 C $SNAP Mar31 13 C $X Mar 26.5 C $GPS Apr 10 C $LCID Jun 10 C $HIMS Apr 11 C $PLTR Jun 13 C $GLW May 35 C $ALLY Apr 30 C $MRVL Mar 24 C

EARNINGS TODAY AFTER HOURS: $COST $CHPT $MRVL $AVGO $DELL $ZS $JWN $HPE $AI $VSCO

$MRVL May 47.5 C $SGML Apr 40/50 C Spd $ROST Mar 113 C $RRC Mar03 27 C

RECAP 2/24 Unusual Calls: $MRVL May 47.5 C $SGML Apr 40/50 C Spd $ROST Mar 113 C $RRC Mar03 27 C

$SOFI Feb03 5 P $SI Jan 12 P $SQ Mar 65 P $MRVL Mar03 30 P $DAL Jun 36 P $NEE Jun 72.5 P $MDC Jun 35 P $MDT Feb 77.5 P $BX Mar 60 P $CSCO Jan 46.5 P $DD Jan27 68 P

$SOFI Feb03 5 P $SI Jan 12 P $SQ Mar 65 P $MRVL Mar03 30 P $DAL Jun 36 P $NEE Jun 72.5 P $MDC Jun 35 P $MDT Feb 77.5 P $BX Mar 60 P $CSCO Jan 46.5 P $DD Jan27 68 P

$COIN Jan13 30 P $KBH Feb 32 P $AAPL Apr 130 P $MRVL Feb24 30 P $UBER Jan 26.5 P $RL Feb 90 P $ATVI Feb 75/70 P Spd $IQ Jan-25 3 P $GME Mar 13 P

$COIN Jan13 30 P $KBH Feb 32 P $AAPL Apr 130 P $MRVL Feb24 30 P $UBER Jan 26.5 P $RL Feb 90 P $ATVI Feb 75/70 P Spd $IQ Jan-25 3 P $GME Mar 13 P

$AR Dec 35 C $CCL Dec23 9.5/11 c Spd $BABA Dec30 105 C $BHC Jan 8 C $ATVI Jun 95 C $MRVL Jan 45/47 C Spd $UPST Dec09 18 C $CANO Mar 3 C $FL Jan 42 C $ESPR Apr 10 C $KDP Dec 39 C $LI Mar 28 C $DT Jan 40 C $ASHR Jan 31 C

RECAP 12/8 Unusual Calls: $AR Dec 35 C $CCL Dec23 9.5/11 c Spd $BABA Dec30 105 C $BHC Jan 8 C $ATVI Jun 95 C $MRVL Jan 45/47 C Spd $UPST Dec09 18 C $CANO Mar 3 C $FL Jan 42 C $ESPR Apr 10 C $KDP Dec 39 C $LI Mar 28 C $DT Jan 40 C $ASHR Jan 31 C

haha, start nibbling in semiconductor stocks.......bought $CRUS and $MRVL.....not $NVDA yet........

$CGC Oct28 2.5 C $WEBR Nov 7.5 C $BBBY Oct28 5 C $TLRY Oct28 3.5 C $AAPL Jan 160 C $UBER Nov04 31 C $MRVL Oct28 43 C $CMCSA Jan-24 45 C $SNAP Nov 11 C $IDV Dec 25 C $CCJ Dec 30 C $HST Dec 20 C $U Jan 40 C $GM Nov 40 C $CVNA Nov11 32 C $BX Oct28 93 C $NTNX Nov 30 C $GDX Dec 28 C $NU Nov 5 C

RECAP 10/25 Unusual Calls $GOOGL Nov04 112 C $CGC Oct28 2.5 C $WEBR Nov 7.5 C $BBBY Oct28 5 C $TLRY Oct28 3.5 C $AAPL Jan 160 C $UBER Nov04 31 C $MRVL Oct28 43 C $CMCSA Jan-24 45 C $SNAP Nov 11 C $IDV Dec 25 C $CCJ Dec 30 C $HST Dec 20 C $U Jan 40 C $GM Nov 40 C $CVNA Nov11 32 C $BX Oct28 93 C $NTNX Nov 30 C $GDX Dec 28 C $NU Nov 5 C