MRVL Options History — December 2007

In December 2007, MRVL traded between $13.74 and $15.65. ATM implied volatility averaged 40.1%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 7.7% (HV 20d: 47.8%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.76.

Notable Days

2007-12-13: Highest Volume — 47,701 contracts
2007-12-13: Largest IV spike — 26.6% change
2007-12-03: Highest IV Rank — 51.6%
2007-12-03: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.60	$13.74	$15.65	$15.11	$13.98
Max Pain	$15.75	$15.00	$17.50	$15.00	$15.00
ATM IV	40.1%	33.3%	46.4%	46.4%	39.4%
Expected Move	11.8%	10.4%	13.3%	13.3%	11.3%
HV 20d	47.8%	25.9%	54.8%	53.0%	25.9%
HV 60d	41.3%	40.4%	42.2%	41.4%	40.5%
IV Rank	33.5%	13.7%	51.6%	51.6%	31.5%
IV Percentile	54.0%	8.0%	92.2%	92.2%	51.2%
Term Structure	2.6%	0.4%	6.4%	0.5%	2.7%
VWIV	41.4%	36.5%	46.3%	46.3%	39.6%
Skew 25d	2.5%	-10.0%	8.8%	-10.0%	8.7%
Skew 10d	2.1%	-17.3%	15.7%	-17.3%	15.7%
Call IV 25d	42.2%	35.8%	47.8%	47.1%	39.3%
Put IV 25d	44.7%	37.2%	52.7%	37.2%	48.0%
Bid-Ask Spread %	5.33	4.26	6.29	5.45	5.30
Gamma HHI	0.30	0.22	0.42	0.34	0.23
Net GEX	4.7M	1.7M	8.2M	7.3M	1.7M
Net DEX	31.8M	-66.5M	95.1M	-31.2M	66.6M
Net VEX	-1.2M	-1.6M	-873.9K	-1.5M	-902.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.15	1.83	1.22	1.63
Total Volume	19,015.7	3,121	47,701	26,672	20,380
Total OI	873,385.8	724,247	940,431	897,965	729,272

Daily Data (20 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
2007-12-03	$15.11	$15.00	46.4%	13.3%	53.0%	51.6%	46.3%	-10.0%	0.5%	7.3M	-31.2M	-1.5M	1.22	5.45	12,018	14,654	704,443	193,522
2007-12-04	$14.95	$15.00	44.1%	12.6%	52.9%	45.0%	44.2%	4.9%	2.4%	6.7M	-18.6M	-1.5M	1.22	5.97	4,227	5,152	709,042	197,041
2007-12-05	$15.40	$15.00	42.9%	12.3%	53.9%	41.6%	42.9%	-5.2%	1.9%	7.8M	-49.6M	-1.6M	0.37	6.07	16,915	6,289	709,748	195,898
2007-12-06	$15.34	$15.00	41.1%	11.8%	53.9%	36.5%	42.5%	-8.1%	0.7%	7.6M	-47.0M	-1.6M	1.07	6.29	13,141	14,057	715,832	196,479
2007-12-07	$15.65	$17.50	38.9%	11.8%	54.2%	30.0%	40.1%	6.8%	0.4%	8.2M	-66.5M	-1.5M	0.61	5.84	9,628	5,894	705,276	202,906
2007-12-10	$15.24	$17.50	36.2%	11.6%	54.6%	22.3%	40.9%	6.5%	2.0%	6.5M	-19.2M	-1.4M	0.15	5.59	19,793	2,934	708,318	203,909
2007-12-11	$14.82	$17.50	33.3%	11.4%	54.8%	13.7%	39.9%	3.7%	2.2%	5.7M	25.7M	-1.3M	1.37	6.20	10,641	14,591	715,523	203,401
2007-12-12	$14.71	$17.50	35.1%	11.5%	53.3%	19.0%	40.5%	4.1%	2.0%	5.1M	44.8M	-1.3M	1.07	5.70	12,593	13,469	713,757	210,848
2007-12-13	$14.52	$17.50	44.4%	12.7%	53.0%	46.0%	45.2%	2.1%	0.8%	4.6M	44.3M	-1.3M	0.32	5.73	36,038	11,663	718,813	212,655
2007-12-14	$14.39	$17.50	42.5%	12.2%	52.6%	40.4%	43.4%	0.9%	0.6%	4.7M	62.4M	-1.2M	0.22	5.54	15,168	3,339	727,495	211,271
2007-12-17	$14.27	$15.00	43.1%	12.4%	52.2%	42.3%	46.1%	0.4%	2.2%	4.5M	66.6M	-1.2M	0.26	5.82	10,001	2,642	729,596	210,835
2007-12-18	$14.58	$15.00	41.4%	11.9%	49.8%	37.2%	43.0%	3.9%	2.9%	5.3M	47.3M	-1.2M	1.11	4.29	4,512	5,004	727,190	210,432
2007-12-19	$14.40	$15.00	40.5%	11.6%	49.4%	34.7%	42.4%	1.9%	3.0%	4.9M	64.0M	-1.2M	0.73	4.26	1,804	1,317	729,126	206,928
2007-12-20	$14.38	$15.00	40.0%	11.5%	49.2%	33.2%	40.2%	1.4%	4.1%	3.7M	79.4M	-1.1M	0.33	4.82	14,930	4,993	728,800	202,872
2007-12-21	$14.25	$15.00	36.4%	10.4%	48.4%	22.9%	36.5%	2.5%	5.6%	2.2M	95.1M	-1.0M	0.85	4.58	7,037	5,953	727,390	200,095
2007-12-24	$14.14	$15.00	37.2%	10.7%	47.5%	25.0%	37.9%	3.1%	5.7%	2.1M	60.8M	-986.0K	0.37	4.74	3,346	1,237	560,739	168,677
2007-12-26	$14.12	$15.00	37.4%	10.7%	44.3%	25.5%	37.9%	8.6%	5.0%	2.0M	68.1M	-937.9K	0.28	5.02	2,856	799	561,826	167,523
2007-12-27	$13.74	$15.00	45.3%	13.0%	25.9%	48.6%	40.9%	5.2%	1.3%	1.7M	75.9M	-873.9K	0.17	4.31	25,462	4,269	562,298	161,949
2007-12-28	$14.01	$15.00	36.2%	10.4%	26.3%	22.2%	36.8%	8.8%	6.4%	1.8M	67.2M	-896.4K	1.83	5.10	7,625	13,943	564,256	161,735
2007-12-31	$13.98	$15.00	39.4%	11.3%	25.9%	31.5%	39.6%	8.7%	2.7%	1.7M	66.6M	-902.8K	1.63	5.30	7,736	12,644	562,409	166,863