MRVL Options History — August 2008

In August 2008, MRVL traded between $14.11 and $16.32. ATM implied volatility averaged 48.2%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 12.5% (HV 20d: 35.7%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.94.

Notable Days

2008-08-28: Highest Volume — 139,296 contracts
2008-08-14: Largest IV spike — 90.2% change
2008-08-27: Highest IV Rank — 49.9%
2008-08-27: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.35	$14.11	$16.32	$14.69	$14.11
Max Pain	$14.76	$12.50	$15.00	$12.50	$15.00
ATM IV	48.2%	28.4%	59.4%	40.4%	35.9%
Expected Move	14.7%	10.3%	17.0%	11.6%	10.3%
HV 20d	35.7%	27.1%	44.4%	42.2%	40.9%
HV 60d	56.6%	41.6%	61.9%	61.3%	44.2%
IV Rank	31.8%	0.0%	49.9%	19.1%	12.0%
IV Percentile	59.3%	0.0%	88.9%	27.8%	7.9%
Term Structure	-3.4%	-11.4%	7.2%	7.2%	4.4%
VWIV	51.5%	36.9%	59.6%	40.4%	36.9%
Skew 25d	0.6%	-4.1%	12.2%	-2.5%	12.2%
Skew 10d	2.1%	-3.8%	20.7%	-1.4%	20.7%
Call IV 25d	52.2%	34.2%	60.0%	35.2%	34.2%
Put IV 25d	52.8%	32.7%	62.1%	32.7%	46.5%
Bid-Ask Spread %	8.90	5.16	11.27	8.35	9.91
Gamma HHI	0.28	0.16	0.49	0.41	0.38
Net GEX	5.3M	2.5M	8.1M	7.3M	3.8M
Net DEX	-273.5M	-449.0M	-81.6M	-246.4M	-81.6M
Net VEX	-1.6M	-1.7M	-1.4M	-1.6M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.05	2.55	0.16	0.71
Total Volume	35,854.286	9,262	139,296	9,345	37,787
Total OI	706,386.381	590,809	784,491	730,482	715,284

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
2008-08-01	$14.69	$12.50	40.4%	11.6%	42.2%	19.1%	40.4%	-2.5%	7.2%	7.3M	-246.4M	-1.6M	0.16	8.35	8,057	1,288	565,877	164,605
2008-08-04	$14.23	$15.00	45.7%	13.8%	42.8%	27.7%	48.4%	2.2%	-0.4%	7.0M	-200.5M	-1.5M	0.10	8.07	23,065	2,206	569,710	165,164
2008-08-05	$14.59	$15.00	44.5%	13.7%	44.4%	25.8%	48.1%	1.9%	-1.4%	7.7M	-247.4M	-1.6M	0.11	11.24	25,985	2,947	585,730	164,184
2008-08-06	$14.88	$12.50	42.6%	13.9%	36.0%	22.7%	49.0%	2.5%	-1.5%	8.1M	-284.2M	-1.6M	1.28	8.64	8,795	11,274	592,011	165,212
2008-08-07	$15.30	$15.00	51.1%	15.7%	37.3%	36.4%	54.4%	2.4%	-4.5%	7.5M	-332.7M	-1.7M	0.18	9.18	79,931	14,137	588,661	171,750
2008-08-08	$15.55	$15.00	42.0%	15.0%	37.2%	21.8%	52.6%	1.7%	-3.1%	8.1M	-361.6M	-1.7M	0.11	10.50	9,895	1,104	604,670	177,840
2008-08-11	$15.82	$15.00	46.2%	15.9%	37.0%	28.5%	55.4%	-0.7%	-4.6%	7.6M	-407.7M	-1.7M	0.17	9.86	48,294	8,399	602,693	177,467
2008-08-12	$15.93	$15.00	45.0%	15.1%	36.9%	26.6%	52.5%	0.5%	-3.2%	7.3M	-407.9M	-1.7M	1.00	9.63	16,999	16,915	598,779	180,253
2008-08-13	$16.02	$15.00	28.4%	15.0%	35.5%	0.0%	51.8%	-0.1%	-4.2%	4.7M	-424.0M	-1.6M	2.55	11.20	3,224	8,219	588,635	187,515
2008-08-14	$16.32	$15.00	54.1%	15.5%	34.4%	41.3%	54.6%	-3.3%	-5.5%	4.8M	-449.0M	-1.7M	0.05	6.61	13,883	665	588,786	191,901
2008-08-15	$15.88	$15.00	52.8%	15.1%	34.3%	39.2%	52.8%	-4.1%	-3.9%	5.0M	-414.1M	-1.6M	0.65	7.51	5,601	3,661	593,011	191,480
2008-08-18	$15.86	$15.00	54.1%	15.5%	32.2%	41.3%	54.1%	0.2%	-4.1%	4.5M	-269.1M	-1.6M	0.90	8.78	7,883	7,103	447,728	143,081
2008-08-19	$15.87	$15.00	51.4%	14.7%	32.1%	37.0%	48.8%	-3.0%	-2.8%	4.6M	-267.6M	-1.6M	2.39	8.01	9,718	23,203	452,518	146,931
2008-08-20	$16.05	$15.00	51.6%	14.8%	31.9%	37.3%	52.9%	-1.0%	-2.9%	4.2M	-268.5M	-1.6M	1.63	8.74	4,633	7,563	450,749	161,397
2008-08-21	$15.84	$15.00	50.9%	14.6%	27.9%	36.2%	51.1%	-2.3%	-4.2%	4.1M	-249.6M	-1.6M	2.01	9.00	7,442	14,986	453,897	166,108
2008-08-22	$15.99	$15.00	51.4%	14.7%	27.2%	37.1%	51.9%	-1.0%	-4.2%	3.9M	-257.4M	-1.6M	2.13	7.89	3,325	7,091	456,940	175,385
2008-08-25	$15.67	$15.00	57.8%	16.6%	27.1%	47.3%	57.9%	0.2%	-9.5%	3.6M	-228.4M	-1.6M	0.98	5.16	21,745	21,213	457,939	179,774
2008-08-26	$14.63	$15.00	54.2%	15.5%	36.7%	41.5%	54.6%	3.4%	-6.0%	2.5M	-112.3M	-1.5M	0.64	8.99	31,450	20,054	459,270	196,241
2008-08-27	$14.44	$15.00	59.4%	17.0%	36.9%	49.9%	59.6%	2.1%	-11.4%	2.6M	-96.5M	-1.4M	0.95	8.30	37,969	35,935	465,979	200,200
2008-08-28	$14.76	$15.00	52.5%	15.0%	37.7%	38.7%	53.1%	1.6%	-6.4%	3.4M	-137.4M	-1.5M	1.07	11.27	67,355	71,941	488,294	200,465
2008-08-29	$14.11	$15.00	35.9%	10.3%	40.9%	12.0%	36.9%	12.2%	4.4%	3.8M	-81.6M	-1.4M	0.71	9.91	22,084	15,703	517,949	197,335