MRVL Options History — November 2007

In November 2007, MRVL traded between $14.94 and $18.59. ATM implied volatility averaged 43.7%, placing in the 47.6% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 2.2% (HV 20d: 41.4%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.25.

Notable Days

2007-11-27: Highest Volume — 141,196 contracts
2007-11-15: Largest IV spike — 59.2% change
2007-11-21: Highest IV Rank — 100.0%
2007-11-26: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.00	$14.94	$18.59	$18.18	$14.94
Max Pain	$17.14	$15.00	$17.50	$17.50	$15.00
ATM IV	43.7%	29.8%	63.1%	39.5%	40.9%
Expected Move	13.7%	11.1%	18.1%	11.3%	11.7%
HV 20d	41.4%	36.9%	53.1%	37.2%	52.8%
HV 60d	40.6%	34.8%	43.2%	42.7%	41.6%
IV Rank	47.6%	4.2%	100.0%	37.0%	35.8%
IV Percentile	62.5%	0.5%	100.0%	54.3%	63.5%
Term Structure	0.3%	-8.1%	7.4%	7.4%	5.5%
VWIV	48.2%	39.1%	61.5%	41.0%	41.0%
Skew 25d	4.4%	-3.2%	13.6%	-0.4%	3.7%
Skew 10d	9.8%	-6.0%	29.9%	17.0%	6.1%
Call IV 25d	47.8%	41.2%	61.5%	45.2%	44.4%
Put IV 25d	52.1%	38.1%	65.9%	44.8%	48.0%
Bid-Ask Spread %	9.95	4.14	15.58	7.89	4.14
Gamma HHI	0.34	0.28	0.60	0.28	0.32
Net GEX	10.2M	6.6M	23.7M	10.6M	6.6M
Net DEX	-249.0M	-485.6M	-5.2M	-420.4M	-15.6M
Net VEX	-2.2M	-2.7M	-1.5M	-2.6M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.09	0.51	0.15	0.11
Total Volume	45,133.762	14,049	141,196	43,512	15,938
Total OI	907,678.857	768,740	983,990	933,966	891,144

Daily Data (21 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
2007-11-01	$18.18	$17.50	39.5%	11.3%	37.2%	37.0%	41.0%	-0.4%	7.4%	10.6M	-420.4M	-2.6M	0.15	7.89	37,685	5,827	685,149	248,817
2007-11-02	$18.29	$17.50	38.8%	11.1%	37.2%	34.7%	39.1%	-3.2%	6.3%	11.0M	-436.6M	-2.7M	0.11	10.10	29,735	3,371	692,480	250,364
2007-11-05	$18.25	$17.50	36.9%	13.3%	37.1%	28.2%	46.2%	1.9%	-0.1%	10.9M	-434.7M	-2.6M	0.21	15.58	20,367	4,232	694,579	250,848
2007-11-06	$18.59	$17.50	32.0%	12.4%	36.9%	11.8%	42.7%	1.7%	1.6%	11.6M	-485.6M	-2.5M	0.18	10.86	92,545	16,665	696,258	250,705
2007-11-07	$18.36	$17.50	35.9%	13.1%	37.3%	24.9%	45.5%	-0.1%	3.2%	12.3M	-479.0M	-2.6M	0.18	11.00	25,986	4,721	730,145	253,845
2007-11-08	$17.81	$17.50	40.9%	13.6%	39.3%	41.9%	47.7%	1.6%	-0.2%	10.7M	-364.8M	-2.5M	0.18	10.25	16,562	3,000	715,205	255,336
2007-11-09	$17.55	$17.50	39.7%	13.6%	39.5%	37.8%	47.3%	3.6%	0.7%	10.3M	-302.8M	-2.4M	0.30	10.73	10,817	3,232	710,350	252,604
2007-11-12	$17.14	$17.50	38.1%	14.7%	40.3%	32.4%	53.3%	5.4%	-1.3%	9.9M	-226.4M	-2.3M	0.20	8.44	23,917	4,700	712,267	251,168
2007-11-13	$17.61	$17.50	30.1%	12.8%	41.3%	5.4%	44.9%	6.3%	2.4%	12.0M	-313.0M	-2.3M	0.30	10.33	34,205	10,138	718,777	251,605
2007-11-14	$17.20	$17.50	29.8%	13.1%	40.3%	4.2%	45.7%	4.9%	-0.0%	10.7M	-206.5M	-2.2M	0.31	10.31	24,723	7,784	722,723	251,659
2007-11-15	$17.37	$17.50	47.4%	13.6%	39.4%	63.9%	47.8%	8.1%	-1.1%	11.1M	-238.6M	-2.3M	0.29	9.97	23,125	6,719	720,812	250,240
2007-11-16	$17.52	$17.50	46.8%	13.4%	38.6%	61.8%	46.4%	7.7%	-0.6%	23.7M	-310.9M	-2.2M	0.35	10.00	34,307	12,060	723,518	248,668
2007-11-19	$16.50	$17.50	50.1%	14.4%	44.0%	73.1%	51.8%	2.9%	0.1%	7.9M	-169.3M	-2.0M	0.51	7.80	21,112	10,853	595,542	173,198
2007-11-20	$16.10	$17.50	51.7%	14.8%	43.4%	78.6%	51.2%	1.5%	-1.5%	7.4M	-122.3M	-1.9M	0.33	9.09	40,464	13,317	606,268	178,644
2007-11-21	$16.24	$17.50	62.6%	18.0%	40.9%	100.0%	60.5%	9.2%	-3.6%	7.6M	-163.1M	-2.1M	0.40	12.41	31,162	12,609	619,303	186,581
2007-11-23	$16.52	$17.50	54.5%	15.6%	39.8%	76.2%	56.1%	11.2%	-4.0%	8.2M	-169.6M	-2.1M	0.09	11.53	17,343	1,553	624,577	192,111
2007-11-26	$15.99	$17.50	63.1%	18.1%	41.0%	100.0%	61.5%	4.5%	-8.1%	7.7M	-133.8M	-1.9M	0.16	12.17	51,696	8,201	629,812	185,629
2007-11-27	$16.65	$17.50	52.9%	15.2%	37.9%	70.4%	55.7%	13.6%	-6.2%	9.9M	-194.8M	-2.0M	0.18	9.89	119,735	21,461	655,386	189,508
2007-11-28	$14.96	$15.00	44.8%	12.8%	52.5%	47.0%	45.3%	0.6%	0.7%	7.0M	-5.2M	-1.5M	0.23	9.55	89,704	20,396	702,658	192,836
2007-11-29	$15.19	$15.00	40.7%	11.7%	53.1%	35.3%	40.7%	6.6%	4.4%	7.5M	-35.7M	-1.6M	0.37	6.97	11,562	4,280	704,693	195,244
2007-11-30	$14.94	$15.00	40.9%	11.7%	52.8%	35.8%	41.0%	3.7%	5.5%	6.6M	-15.6M	-1.5M	0.11	4.14	14,389	1,549	697,255	193,889