MRVL Options History — August 2007

In August 2007, MRVL traded between $15.39 and $17.85. ATM implied volatility averaged 39.4%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 0.2% (HV 20d: 39.1%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.39.

Notable Days

2007-08-22: Highest Volume — 93,417 contracts
2007-08-16: Largest IV spike — 75.5% change
2007-08-16: Highest IV Rank — 100.0%
2007-08-16: Largest Expected Move — 16.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.90	$15.39	$17.85	$17.54	$16.57
Max Pain	$17.50	$17.50	$17.50	$17.50	$17.50
ATM IV	39.4%	30.5%	58.1%	37.0%	30.5%
Expected Move	12.5%	8.7%	16.6%	10.6%	8.7%
HV 20d	39.1%	29.0%	57.3%	34.3%	57.3%
HV 60d	36.6%	33.7%	44.0%	33.7%	44.0%
IV Rank	34.7%	0.0%	100.0%	28.7%	0.0%
IV Percentile	44.7%	0.0%	100.0%	25.5%	0.0%
Term Structure	-0.4%	-6.6%	9.7%	9.7%	2.1%
VWIV	43.5%	32.0%	58.2%	39.2%	32.0%
Skew 25d	0.5%	-14.4%	7.7%	-14.1%	7.7%
Skew 10d	0.4%	-23.0%	16.1%	-22.6%	12.8%
Call IV 25d	44.0%	30.2%	58.9%	45.5%	30.2%
Put IV 25d	44.5%	29.7%	58.1%	31.4%	37.9%
Bid-Ask Spread %	10.41	6.23	21.38	9.66	11.11
Gamma HHI	0.26	0.21	0.36	0.27	0.36
Net GEX	7.5M	5.1M	10.7M	8.9M	9.2M
Net DEX	-158.6M	-304.2M	-45.7M	-225.4M	-151.6M
Net VEX	-2.6M	-3.0M	-2.1M	-3.0M	-2.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.08	1.29	0.08	1.01
Total Volume	31,953.348	9,414	93,417	51,235	33,461
Total OI	851,665.217	664,176	931,890	922,371	782,857

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2007-08-01	$17.54	$17.50	37.0%	10.6%	34.3%	28.7%	39.2%	-14.1%	9.7%	8.9M	-225.4M	-3.0M	0.08	9.66	47,263	3,972	675,126	247,245
2007-08-02	$17.32	$17.50	38.4%	11.0%	34.5%	35.2%	38.7%	-14.4%	7.3%	7.7M	-178.7M	-2.9M	0.65	6.23	16,696	10,847	672,334	247,976
2007-08-03	$16.86	$17.50	42.8%	12.3%	35.6%	54.9%	42.0%	-4.7%	4.7%	7.1M	-137.0M	-2.8M	0.14	7.50	16,414	2,326	675,993	248,105
2007-08-06	$17.01	$17.50	42.3%	14.5%	35.8%	52.7%	51.4%	0.7%	-5.2%	7.2M	-138.1M	-2.7M	0.39	8.52	13,154	5,098	679,945	248,327
2007-08-07	$17.09	$17.50	37.2%	13.5%	35.3%	29.9%	47.5%	1.7%	-3.1%	7.4M	-147.5M	-2.8M	0.23	8.01	35,910	8,245	681,806	248,174
2007-08-08	$17.60	$17.50	37.4%	13.1%	35.8%	30.8%	45.9%	2.1%	-2.9%	8.8M	-238.3M	-2.9M	0.34	12.79	15,889	5,360	680,643	247,670
2007-08-09	$17.58	$17.50	39.0%	13.7%	34.0%	37.8%	48.1%	0.2%	-3.1%	8.5M	-245.6M	-2.9M	0.39	12.42	9,902	3,823	679,652	249,424
2007-08-10	$17.56	$17.50	36.1%	14.0%	33.8%	24.9%	49.4%	0.8%	-3.4%	8.1M	-233.3M	-2.9M	0.66	11.21	13,853	9,117	681,938	249,952
2007-08-13	$17.46	$17.50	33.5%	14.0%	33.8%	13.3%	50.0%	1.4%	-2.5%	7.7M	-205.6M	-2.7M	0.38	9.76	12,087	4,579	680,821	249,303
2007-08-14	$17.38	$17.50	32.0%	13.8%	29.6%	6.3%	48.7%	0.3%	-1.3%	7.6M	-199.1M	-2.8M	0.20	12.30	8,024	1,590	679,875	250,749
2007-08-15	$16.94	$17.50	33.1%	15.0%	30.1%	11.2%	52.1%	-0.5%	-4.1%	6.7M	-112.9M	-2.6M	0.36	9.77	15,123	5,373	682,004	249,577
2007-08-16	$16.44	$17.50	58.1%	16.6%	29.0%	100.0%	58.2%	-0.8%	-6.6%	5.1M	-45.7M	-2.5M	1.29	21.38	6,828	8,791	680,024	249,570
2007-08-17	$16.72	$17.50	50.3%	14.4%	29.9%	71.6%	50.8%	2.1%	-2.3%	5.3M	-52.9M	-2.5M	0.35	8.54	21,031	7,257	679,013	245,213
2007-08-20	$17.10	$17.50	42.9%	12.3%	31.5%	44.8%	42.9%	6.8%	-1.5%	6.0M	-172.8M	-2.5M	0.10	14.10	42,382	4,267	512,091	152,085
2007-08-21	$16.97	$17.50	40.1%	11.5%	30.8%	34.7%	40.5%	3.9%	-2.7%	7.2M	-184.3M	-2.6M	0.09	10.73	24,963	2,353	542,179	154,493
2007-08-22	$17.69	$17.50	36.8%	10.6%	35.0%	22.8%	36.9%	6.4%	-1.4%	9.1M	-251.3M	-2.7M	0.24	12.16	75,627	17,790	555,246	154,896
2007-08-23	$17.85	$17.50	38.6%	11.1%	35.1%	29.1%	39.7%	-0.7%	-1.2%	10.7M	-304.2M	-2.8M	0.30	6.86	62,365	18,406	589,968	164,002
2007-08-24	$15.75	$17.50	38.3%	11.0%	56.1%	28.1%	38.0%	-0.8%	1.4%	6.7M	-74.7M	-2.3M	0.29	7.61	49,326	14,481	607,086	172,352
2007-08-27	$15.39	$17.50	36.4%	10.4%	55.5%	21.4%	36.8%	2.4%	4.3%	5.8M	-46.7M	-2.1M	0.66	8.40	24,870	16,523	611,136	171,666
2007-08-28	$15.52	$17.50	41.5%	11.9%	54.0%	39.8%	41.3%	-2.1%	2.0%	6.2M	-66.7M	-2.2M	0.61	10.04	5,835	3,579	614,796	173,242
2007-08-29	$16.25	$17.50	42.6%	12.2%	56.7%	43.8%	35.4%	7.2%	1.0%	8.0M	-131.5M	-2.4M	0.10	9.53	16,488	1,600	612,842	173,442
2007-08-30	$16.05	$17.50	40.4%	11.6%	56.7%	35.7%	36.3%	5.6%	-0.8%	7.4M	-103.0M	-2.3M	0.24	10.70	9,759	2,300	611,058	172,404
2007-08-31	$16.57	$17.50	30.5%	8.7%	57.3%	0.0%	32.0%	7.7%	2.1%	9.2M	-151.6M	-2.4M	1.01	11.11	16,648	16,813	611,251	171,606