Marvell Acquisition news triggers LITE a sharp surge,MRVL a steep plunge; a news trader's position has already recorded substantial profits

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Marvell Acquisition news sparks LITE surge,MRVL plunge; a news trader's positioning has recorded substantial profits

BlockBeats News,October 29, this morning 5 hours later, the market circulated news that Marvell is in in-depth discussions to acquire Lumentum, with a potential deal possibly announced as early as next week, though the parties have not yet reached a final agreement.

Affected by the news, on Hyperliquid Lumentum（LITE) and Marvell（MRVL) diverged sharply:LITE at one point rose by more than 20%，MRVL at one point fell by nearly 11%. The combined estimated trading volume of the contracts in the first hour after the news was released was approximately 37370000 USD。

Reuters, citing Bernstein analysis, noted that Marvell's cash and cash equivalents in the latest quarter were approximately 3920000000 USD, while Lumentum's market capitalization was approximately 83000000000 USD. If the deal is completed, the gap in scale between the parties may require additional financing and create integration challenges for the acquisition.

According to TradingBeats monitoring, on-chain contracts began fluctuating sharply at 05: 04—05: 05:

- LITE at one point rose 20.6%, then gave back part of its gains. The contract's traded price reached a high of 1071.1 USD, and its latest mark price was 956.03 USD, still up approximately 7.65%versus the baseline. Over the same period, notional open interest (OI) increased from approximately 6440000 USD to 9320000 USD, an increase of approximately 44.6%, while the number of positions increased by approximately 34.4%。

- MRVL at one point fell 10.9%, then rebounded from its lows. The contract's traded price fell to a low of 219.13 USD, and its latest mark price was 230.66 USD, still down approximately 6.18%versus the baseline. Over the same period, notional OI increased from approximately 9100000 USD to 10060000 USD, an increase of approximately 10.6%, while the number of positions increased by approximately 17.9%。

In the first hour after the news was released, trading volume in both contracts increased significantly. 05: 00—06: 00，LITE trading volume was approximately 15100000 USD, approximately 1 times that of the previous 14.6 hours;MRVL trading volume was approximately 22270000 USD, approximately 1 times that of the previous 5.5 hours.

On-chain account activity also showed related positioning. 05: 05—05: 08, a trader (0xd33c) first exited an existing LITE long position, then switched to a short position while increasing MRVL long positions.

As of publication, the account still held approximately 608000 USD LITE in short positions, at an average price of 1003.24 USD, with unrealized profits of approximately 30200 USD; it also held approximately 422000 USD MRVL in long positions, at an average price of 224.35 USD, with unrealized profits of approximately 11600 USD。