MRVL Options History — March 2010

In March 2010, MRVL traded between $19.87 and $21.14. ATM implied volatility averaged 36.6%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 7.7% (HV 20d: 29.0%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.45.

Notable Days

2010-03-04: Highest Volume — 55,486 contracts
2010-03-05: Largest IV drop — 35.7% change
2010-03-02: Highest IV Rank — 28.1%
2010-03-02: Largest Expected Move — 13.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.37	$19.87	$21.14	$20.08	$20.42
Max Pain	$19.83	$19.00	$20.00	$19.00	$20.00
ATM IV	36.6%	30.4%	48.2%	45.8%	33.1%
Expected Move	10.7%	9.5%	13.8%	13.1%	9.5%
HV 20d	29.0%	25.5%	40.1%	40.1%	26.7%
HV 60d	39.4%	37.8%	43.6%	43.6%	38.5%
IV Rank	12.5%	0.0%	28.1%	24.0%	6.6%
IV Percentile	14.4%	0.0%	60.3%	51.2%	2.4%
Term Structure	0.7%	-6.2%	3.6%	-2.9%	3.6%
VWIV	37.2%	32.7%	47.9%	46.1%	32.7%
Skew 25d	4.3%	1.8%	6.4%	4.6%	1.8%
Skew 10d	9.5%	1.5%	17.5%	14.2%	1.5%
Call IV 25d	35.6%	31.8%	46.5%	45.4%	33.1%
Put IV 25d	39.9%	34.9%	50.0%	50.0%	34.9%
Bid-Ask Spread %	15.25	11.63	20.58	18.41	14.91
Gamma HHI	0.27	0.16	0.51	0.16	0.27
Net GEX	1.8M	1.2M	2.3M	1.4M	1.9M
Net DEX	-63.8M	-86.8M	-40.0M	-54.0M	-53.4M
Net VEX	-413.7K	-472.1K	-320.4K	-320.4K	-412.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.13	0.87	0.37	0.14
Total Volume	15,727.348	1,451	55,486	31,026	8,702
Total OI	164,890.826	116,465	206,880	116,465	137,774

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
2010-03-01	$20.08	$19.00	45.8%	13.1%	40.1%	24.0%	46.1%	4.6%	-2.9%	1.4M	-54.0M	-320.4K	0.37	18.41	22,615	8,411	69,142	47,323
2010-03-02	$20.38	$19.00	48.2%	13.8%	34.6%	28.1%	46.9%	4.5%	-5.2%	1.9M	-68.6M	-346.2K	0.30	15.96	10,240	3,117	79,907	52,300
2010-03-03	$19.96	$19.00	45.0%	12.9%	35.7%	22.6%	45.0%	4.2%	-3.3%	1.8M	-55.1M	-352.8K	0.83	17.18	16,820	13,885	82,670	54,467
2010-03-04	$20.13	$19.00	47.6%	13.6%	35.4%	27.1%	47.9%	3.0%	-6.2%	1.5M	-54.6M	-395.1K	0.87	14.31	29,652	25,834	88,224	65,329
2010-03-05	$20.40	$20.00	30.6%	10.1%	28.7%	0.0%	35.0%	4.3%	1.7%	2.0M	-73.5M	-436.2K	0.37	13.80	28,478	10,669	103,285	85,095
2010-03-08	$20.27	$20.00	32.6%	10.4%	29.0%	4.1%	36.4%	5.1%	1.8%	2.0M	-66.8M	-407.3K	0.48	14.63	11,211	5,397	101,428	81,848
2010-03-09	$20.29	$20.00	31.1%	10.3%	28.8%	1.0%	35.7%	3.9%	1.2%	2.2M	-70.5M	-406.6K	0.43	17.34	22,288	9,479	102,184	80,835
2010-03-10	$20.64	$20.00	30.4%	10.0%	29.0%	0.0%	36.0%	4.6%	0.5%	2.3M	-86.8M	-451.4K	0.70	17.50	9,212	6,441	109,207	88,712
2010-03-11	$20.51	$20.00	35.7%	10.2%	29.3%	11.0%	37.9%	5.1%	2.3%	2.1M	-81.4M	-472.1K	0.66	12.24	10,890	7,158	113,206	91,434
2010-03-12	$20.28	$20.00	36.4%	10.4%	25.7%	14.7%	35.6%	5.3%	1.6%	2.3M	-71.9M	-469.2K	0.35	14.87	4,268	1,495	116,558	90,322
2010-03-15	$19.87	$20.00	36.5%	10.5%	26.6%	14.9%	36.8%	4.8%	1.9%	1.3M	-41.0M	-427.1K	0.67	11.66	2,696	1,805	111,115	90,866
2010-03-16	$20.41	$20.00	36.5%	10.5%	25.6%	14.8%	36.3%	4.7%	0.9%	2.0M	-74.6M	-424.7K	0.14	17.47	9,916	1,432	109,283	91,700
2010-03-17	$20.45	$20.00	36.4%	10.4%	25.5%	14.7%	35.4%	5.1%	1.6%	2.1M	-82.9M	-420.2K	0.23	12.20	5,436	1,275	110,760	91,365
2010-03-18	$20.31	$20.00	36.5%	10.5%	25.7%	14.8%	37.0%	5.5%	1.7%	1.3M	-79.6M	-413.9K	0.16	15.68	5,613	902	111,112	91,921
2010-03-19	$20.06	$20.00	36.6%	10.5%	26.1%	15.1%	35.9%	5.0%	1.6%	1.2M	-56.4M	-416.0K	0.36	18.98	12,249	4,438	111,675	91,597
2010-03-22	$20.56	$20.00	34.7%	9.9%	27.4%	10.4%	34.9%	4.8%	1.2%	1.2M	-50.5M	-412.4K	0.13	20.58	6,928	929	75,580	51,693
2010-03-23	$21.14	$20.00	34.5%	9.9%	26.7%	10.1%	33.6%	3.4%	1.5%	1.7M	-70.6M	-419.3K	0.48	16.35	9,956	4,792	78,869	52,024
2010-03-24	$20.77	$20.00	33.6%	9.6%	27.5%	7.9%	34.0%	2.2%	2.1%	1.7M	-61.3M	-429.9K	0.76	13.04	3,509	2,650	82,641	53,807
2010-03-25	$20.44	$20.00	35.1%	10.1%	28.3%	11.5%	34.5%	4.5%	1.3%	1.6M	-52.9M	-428.1K	0.53	11.63	3,133	1,672	83,689	53,127
2010-03-26	$20.03	$20.00	35.0%	10.0%	29.4%	11.3%	34.7%	2.1%	3.3%	1.5M	-40.0M	-414.2K	0.76	13.78	6,238	4,727	83,518	51,352
2010-03-29	$20.46	$20.00	35.8%	10.3%	27.1%	13.1%	34.3%	6.4%	1.2%	1.9M	-55.7M	-418.3K	0.41	13.82	1,029	422	85,710	50,817
2010-03-30	$20.76	$20.00	34.1%	9.8%	27.1%	8.9%	33.8%	3.0%	1.7%	2.0M	-65.7M	-420.9K	0.21	14.40	3,062	658	85,931	51,087
2010-03-31	$20.42	$20.00	33.1%	9.5%	26.7%	6.6%	32.7%	1.8%	3.6%	1.9M	-53.4M	-412.9K	0.14	14.91	7,643	1,059	86,381	51,393