MRVL Options History — April 2011

In April 2011, MRVL traded between $15.24 and $16.39. ATM implied volatility averaged 34.7%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 6.4% (HV 20d: 28.3%). Max pain ranged from $16.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.51.

Notable Days

2011-04-06: Highest Volume — 86,734 contracts
2011-04-14: Largest IV spike — 13.7% change
2011-04-01: Highest IV Rank — 38.1%
2011-04-01: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.79	$15.24	$16.39	$15.93	$15.43
Max Pain	$18.50	$16.00	$20.00	$16.00	$18.00
ATM IV	34.7%	30.6%	40.2%	40.2%	33.6%
Expected Move	10.2%	9.2%	11.5%	11.5%	9.6%
HV 20d	28.3%	24.3%	33.0%	24.5%	31.9%
HV 60d	39.6%	38.2%	41.5%	41.5%	38.5%
IV Rank	17.4%	5.1%	38.1%	38.1%	11.9%
IV Percentile	31.6%	4.4%	67.5%	67.5%	23.8%
Term Structure	-0.6%	-3.2%	2.8%	-1.0%	2.3%
VWIV	35.9%	32.9%	40.7%	40.7%	33.1%
Skew 25d	4.0%	0.8%	6.1%	0.8%	2.2%
Skew 10d	7.6%	3.1%	11.6%	3.6%	3.7%
Call IV 25d	34.5%	32.2%	40.5%	40.5%	33.5%
Put IV 25d	38.5%	34.5%	41.5%	41.2%	35.7%
Bid-Ask Spread %	6.47	4.09	11.75	10.73	7.29
Gamma HHI	0.24	0.16	0.69	0.17	0.18
Net GEX	7.2M	2.5M	31.5M	3.1M	6.6M
Net DEX	100.4M	59.1M	166.6M	122.4M	98.4M
Net VEX	-1.4M	-1.5M	-1.2M	-1.3M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.16	2.06	1.01	0.34
Total Volume	34,596.65	7,899	86,734	65,664	20,816
Total OI	660,978.45	566,194	714,849	566,194	695,586

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
2011-04-01	$15.93	$16.00	40.2%	11.5%	24.5%	38.1%	40.7%	0.8%	-1.0%	3.1M	122.4M	-1.3M	1.01	10.73	32,611	33,053	315,058	251,136
2011-04-04	$15.53	$20.00	40.1%	10.7%	25.2%	37.9%	37.3%	6.1%	-3.2%	2.5M	166.6M	-1.2M	0.38	7.94	38,819	14,664	332,470	276,799
2011-04-05	$15.85	$19.00	39.7%	10.7%	24.8%	37.1%	37.1%	6.1%	-2.9%	3.8M	123.1M	-1.3M	0.50	11.56	15,720	7,820	349,328	277,847
2011-04-06	$15.93	$19.00	34.7%	10.4%	24.8%	24.4%	38.3%	5.9%	-2.1%	4.7M	115.7M	-1.3M	2.06	7.49	28,304	58,430	353,085	276,305
2011-04-07	$16.16	$19.00	34.4%	10.3%	24.3%	23.8%	36.1%	5.7%	-2.0%	6.6M	84.4M	-1.4M	0.28	4.09	46,215	13,132	371,852	295,218
2011-04-08	$16.39	$19.00	33.5%	10.5%	24.3%	13.3%	35.4%	5.0%	-1.6%	5.9M	59.1M	-1.5M	0.18	4.79	49,172	8,902	374,186	294,184
2011-04-11	$16.05	$19.00	30.6%	10.3%	25.6%	5.1%	37.9%	5.1%	-1.8%	7.7M	97.1M	-1.4M	1.48	5.01	25,987	38,394	399,771	297,304
2011-04-12	$15.85	$19.00	31.0%	10.4%	26.1%	6.2%	37.2%	5.1%	-1.9%	7.9M	106.5M	-1.4M	0.38	4.47	11,374	4,310	414,852	280,835
2011-04-13	$15.65	$19.00	31.1%	10.3%	25.9%	5.1%	36.5%	5.3%	-1.2%	6.7M	133.0M	-1.4M	0.23	6.94	16,746	3,773	415,735	279,462
2011-04-14	$15.66	$19.00	35.4%	10.2%	25.9%	17.1%	36.6%	4.8%	-1.4%	7.5M	132.1M	-1.4M	0.22	4.30	10,943	2,451	426,672	281,718
2011-04-15	$15.97	$19.00	34.4%	9.9%	26.4%	14.3%	34.5%	3.9%	-1.1%	31.5M	95.0M	-1.4M	0.25	4.75	19,884	4,890	432,842	282,007
2011-04-18	$15.24	$19.00	37.8%	10.8%	31.3%	23.7%	37.1%	4.2%	-0.2%	4.4M	135.4M	-1.3M	0.31	5.33	28,768	8,902	385,650	241,914
2011-04-19	$15.38	$18.00	37.0%	10.6%	31.4%	21.7%	35.8%	3.8%	-0.7%	4.9M	113.0M	-1.3M	0.29	7.03	6,107	1,792	398,719	239,665
2011-04-20	$15.92	$18.00	34.8%	10.0%	33.0%	15.4%	34.8%	3.6%	-0.5%	6.2M	63.6M	-1.5M	0.73	7.08	6,819	4,990	400,212	240,317
2011-04-21	$15.70	$18.00	34.5%	9.9%	32.3%	14.7%	34.7%	3.3%	-0.4%	5.8M	85.8M	-1.4M	0.21	4.47	15,734	3,382	402,257	244,064
2011-04-25	$15.83	$18.00	33.5%	9.6%	32.1%	11.8%	33.9%	3.1%	1.3%	6.5M	73.8M	-1.5M	0.52	11.75	18,732	9,823	411,575	246,157
2011-04-26	$15.81	$18.00	32.8%	9.4%	32.0%	9.7%	32.9%	3.2%	1.6%	6.8M	69.0M	-1.5M	0.16	4.75	22,211	3,576	421,016	246,918
2011-04-27	$15.74	$18.00	32.8%	9.4%	32.0%	9.7%	34.4%	1.5%	2.2%	7.2M	70.2M	-1.5M	0.23	4.58	16,106	3,627	432,033	248,759
2011-04-28	$15.83	$18.00	32.0%	9.2%	32.0%	7.4%	34.5%	1.8%	2.8%	7.6M	63.7M	-1.5M	0.48	5.05	23,577	11,377	436,296	249,765
2011-04-29	$15.43	$18.00	33.6%	9.6%	31.9%	11.9%	33.1%	2.2%	2.3%	6.6M	98.4M	-1.4M	0.34	7.29	15,499	5,317	446,462	249,124