$MRVL opened -12.6% on a report it's in advanced talks to buy Lumentum. $LITE +4.7%. Bloomberg reports a deal could be announced as soon as next week. Acquirer sells off, target pops: MRVL ~$220 vs $251.65 close, LITE ~$957. How to express a view with perps: • Think the sell-off overprices the deal risk? Go long MRVL perp on the dip — define your invalidation first. • Think the deal gets done? Pair it: long $LITE / short $MRVL . Trade the spread, not the sector. No borrow, no locate. • Think it chops on headlines until confirmation? That's a range, not a direction call. Size smaller. MRVL and LITE both trade 24/7 on BBX as stock perps, USDT-margined. Leverage varies by contract — check the trade page. Trade $MRVL perp → https://t.co/YGiaCO13Ca Not financial advice. DYOR Perps are leveraged and can liquidate.