🌕 Bangers at Midnight vol. Whichever this is
Some tantalizing flow picks from filter's today
⚙️ OVERVIEW
Tonight’s tape revealed a fascinating undercurrent of mid-cap tech and fintech aggression — sharp, timed bursts of call volume showing selective conviction rather than broad-market frenzy. We’re seeing focused speculative activity around Marvell (MRVL) an two others— each with distinct intraday character but a shared DNA: near-term catalysts, high IV expansion, and rapid-fire premium bursts hinting at institutional stealth positioning ahead of mid-October data and earnings cycles.
Let’s break them down.
💥 MRVL $100C 10/31/2025 (23DTE)
Premium: $604,946
OI Change: +596
Average Fill: $1.56
%OTM: 15%
IV: 62% (rising)
Trigger (Gold): $87.81
Stop (White): $85.49
Marvell saw one of the cleanest isolated spikes of the day — an opening surge of over 3,800 contracts followed by fading volume into mid-session, then a secondary accumulation burst into the close.
This isn’t retail chatter; it’s a single-wallet control move — the kind of flow that opens size, suppresses IV midday, and lets momentum re-engage later in the week. The IV uptick suggests someone’s betting on a breakout continuation from the $85–88 accumulation zone, despite the underlying’s recent stall.
→ Narrative: stealth dip absorption after a 20% September run. The flow implies a bullish reacceleration attempt with patience.
→ Probable intent: hold through next week; target $92+ before rolling up or out.