MRVL Options History — January 2010

In January 2010, MRVL traded between $17.43 and $21.62. ATM implied volatility averaged 36.8%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 1.1% (HV 20d: 35.8%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.87.

Notable Days

2010-01-15: Highest Volume — 18,018 contracts
2010-01-14: Largest IV spike — 23.2% change
2010-01-29: Highest IV Rank — 16.6%
2010-01-29: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.04	$17.43	$21.62	$21.03	$17.43
Max Pain	$19.05	$19.00	$20.00	$19.00	$19.00
ATM IV	36.8%	31.9%	41.6%	36.1%	41.6%
Expected Move	11.1%	10.5%	11.9%	11.4%	11.9%
HV 20d	35.8%	29.3%	43.4%	41.2%	43.4%
HV 60d	41.2%	40.2%	43.5%	41.3%	42.6%
IV Rank	7.3%	0.0%	16.6%	3.5%	16.6%
IV Percentile	8.3%	0.0%	21.8%	4.0%	21.8%
Term Structure	4.5%	2.5%	7.8%	3.8%	5.4%
VWIV	38.9%	36.3%	41.8%	41.8%	40.5%
Skew 25d	5.5%	4.3%	6.9%	6.9%	4.3%
Skew 10d	12.7%	7.5%	18.5%	11.6%	8.3%
Call IV 25d	36.6%	34.1%	40.3%	36.8%	40.3%
Put IV 25d	42.1%	38.7%	44.6%	43.7%	44.6%
Bid-Ask Spread %	10.10	7.37	13.37	10.99	11.97
Gamma HHI	0.21	0.15	0.32	0.25	0.15
Net GEX	1.1M	-387.6K	2.1M	2.0M	-387.6K
Net DEX	-60.9M	-124.3M	15.0M	-114.0M	15.0M
Net VEX	-261.0K	-277.8K	-227.6K	-277.8K	-227.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.12	3.52	2.03	0.56
Total Volume	9,130.263	2,641	18,018	9,824	9,043
Total OI	137,659.421	98,662	168,725	163,995	113,741

Daily Data (19 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
2010-01-04	$21.03	$19.00	36.1%	11.4%	41.2%	3.5%	41.8%	6.9%	3.8%	2.0M	-114.0M	-277.8K	2.03	10.99	3,238	6,586	94,183	69,812
2010-01-05	$21.43	$19.00	35.7%	11.3%	30.0%	3.0%	40.5%	6.1%	4.2%	2.0M	-123.2M	-266.1K	0.29	10.52	7,065	2,042	93,490	70,361
2010-01-06	$21.62	$19.00	35.6%	11.5%	29.3%	2.9%	38.8%	5.1%	3.4%	1.9M	-124.3M	-254.3K	0.18	9.74	11,683	2,142	90,825	70,606
2010-01-07	$21.12	$19.00	34.8%	11.2%	31.3%	2.0%	38.6%	5.7%	3.9%	2.0M	-110.7M	-274.9K	0.12	7.67	6,498	772	93,406	71,691
2010-01-08	$21.36	$19.00	31.9%	10.8%	30.9%	0.0%	38.7%	6.1%	4.9%	2.1M	-117.4M	-269.9K	0.74	9.59	1,522	1,119	94,035	71,954
2010-01-11	$21.20	$19.00	35.9%	11.2%	30.9%	4.9%	38.5%	6.3%	3.7%	1.8M	-108.7M	-254.8K	0.33	7.37	4,118	1,364	90,924	72,366
2010-01-12	$20.36	$19.00	35.5%	11.7%	34.5%	4.4%	39.4%	5.4%	2.8%	1.8M	-84.1M	-261.7K	0.44	10.81	10,365	4,531	91,699	72,557
2010-01-13	$20.69	$19.00	32.8%	11.3%	33.5%	1.4%	40.0%	5.5%	3.5%	1.8M	-93.0M	-268.6K	0.46	8.82	5,519	2,566	92,323	74,373
2010-01-14	$20.40	$19.00	40.4%	11.6%	33.5%	13.7%	39.7%	6.4%	2.5%	2.0M	-84.7M	-265.2K	0.73	10.31	5,818	4,244	91,413	74,249
2010-01-15	$19.58	$19.00	38.3%	11.0%	34.0%	10.3%	39.1%	4.9%	4.1%	876.6K	-51.7M	-262.1K	1.47	10.79	7,290	10,728	92,756	75,969
2010-01-19	$20.35	$20.00	36.7%	10.5%	36.1%	7.8%	36.9%	4.6%	4.4%	637.8K	-36.6M	-258.6K	0.40	8.78	10,336	4,131	51,555	47,107
2010-01-20	$19.97	$19.00	36.6%	10.5%	34.4%	7.5%	37.0%	5.6%	5.7%	770.7K	-33.6M	-268.3K	0.54	7.80	2,865	1,541	56,772	47,266
2010-01-21	$20.05	$19.00	37.6%	10.8%	34.4%	9.2%	38.7%	5.4%	5.9%	861.1K	-36.3M	-271.4K	0.28	8.75	3,691	1,042	57,970	46,938
2010-01-22	$18.81	$19.00	40.5%	11.6%	41.2%	13.8%	40.1%	6.5%	3.9%	371.0K	-12.4M	-260.3K	1.60	9.85	5,747	9,177	58,529	47,215
2010-01-25	$18.94	$19.00	38.3%	11.0%	41.3%	11.0%	38.3%	5.7%	5.6%	534.4K	-15.2M	-251.4K	1.49	13.37	2,806	4,180	59,949	45,712
2010-01-26	$18.81	$19.00	37.2%	10.7%	39.5%	9.1%	36.8%	5.0%	5.7%	380.2K	-11.4M	-252.3K	3.52	12.46	2,169	7,625	60,519	47,936
2010-01-27	$19.06	$19.00	37.2%	10.7%	40.0%	9.1%	36.3%	4.9%	5.4%	311.2K	-12.7M	-259.3K	1.02	9.41	2,724	2,770	60,691	51,480
2010-01-28	$18.50	$19.00	37.1%	10.6%	40.9%	8.9%	38.7%	5.1%	7.8%	-17.7K	-2.4M	-253.5K	0.38	12.88	3,210	1,208	61,255	51,902
2010-01-29	$17.43	$19.00	41.6%	11.9%	43.4%	16.6%	40.5%	4.3%	5.4%	-387.6K	15.0M	-227.6K	0.56	11.97	5,802	3,241	61,670	52,071