MRVL Options History — February 2012

In February 2012, MRVL traded between $15.00 and $16.73. ATM implied volatility averaged 37.4%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 5.8% (HV 20d: 31.7%). Max pain ranged from $14.00 to $17.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.41.

Notable Days

2012-02-24: Highest Volume — 68,493 contracts
2012-02-09: Largest IV spike — 22.9% change
2012-02-10: Highest IV Rank — 17.6%
2012-02-10: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.04	$15.00	$16.73	$15.94	$15.00
Max Pain	$15.95	$14.00	$17.00	$14.00	$16.00
ATM IV	37.4%	32.4%	41.4%	36.6%	34.9%
Expected Move	10.8%	8.9%	11.9%	9.8%	8.9%
HV 20d	31.7%	25.9%	41.7%	40.6%	30.8%
HV 60d	40.3%	35.3%	43.8%	43.4%	35.3%
IV Rank	12.8%	6.7%	17.6%	11.8%	9.7%
IV Percentile	39.2%	12.3%	60.7%	35.7%	25.0%
Term Structure	-1.4%	-3.7%	5.1%	5.1%	1.4%
VWIV	37.7%	31.4%	41.4%	34.3%	31.4%
Skew 25d	3.0%	-0.2%	5.1%	0.8%	1.8%
Skew 10d	5.3%	-1.7%	9.0%	0.5%	1.5%
Call IV 25d	36.6%	31.4%	39.6%	34.4%	31.4%
Put IV 25d	39.6%	32.9%	44.1%	35.2%	33.2%
Bid-Ask Spread %	8.95	4.28	16.72	14.96	16.72
Gamma HHI	0.21	0.14	0.31	0.21	0.14
Net GEX	3.3M	1.6M	5.7M	2.9M	1.6M
Net DEX	-82.8M	-143.1M	-23.4M	-76.0M	-23.4M
Net VEX	-538.6K	-569.4K	-505.3K	-520.3K	-555.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.13	2.22	0.47	0.68
Total Volume	16,094.3	4,946	68,493	8,184	9,237
Total OI	220,703.45	192,178	256,384	207,228	218,721

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
2012-02-01	$15.94	$14.00	36.6%	9.8%	40.6%	11.8%	34.3%	0.8%	5.1%	2.9M	-76.0M	-520.3K	0.47	14.96	5,555	2,629	139,416	67,812
2012-02-02	$16.51	$14.00	33.6%	9.8%	41.7%	8.2%	34.5%	-0.2%	4.5%	3.0M	-102.6M	-526.2K	0.32	12.16	10,085	3,214	141,327	68,879
2012-02-03	$16.64	$17.00	32.4%	11.3%	34.4%	6.7%	39.3%	3.7%	-2.8%	3.0M	-108.0M	-526.3K	0.16	4.28	16,146	2,657	143,053	70,403
2012-02-06	$16.34	$17.00	38.4%	11.5%	33.8%	13.9%	39.5%	3.7%	-2.5%	3.2M	-92.6M	-519.5K	0.57	6.71	5,531	3,128	144,595	69,904
2012-02-07	$16.28	$17.00	37.7%	11.7%	33.7%	13.1%	40.8%	3.5%	-3.2%	3.5M	-94.1M	-523.7K	0.27	6.71	6,646	1,770	149,723	69,609
2012-02-08	$16.43	$16.00	32.9%	11.6%	33.3%	7.3%	39.4%	3.8%	-3.7%	3.7M	-103.3M	-531.6K	0.18	5.89	4,202	744	152,390	70,340
2012-02-09	$16.43	$16.00	40.4%	11.6%	32.0%	16.4%	39.9%	3.6%	-3.1%	3.7M	-104.7M	-526.3K	0.18	5.88	4,940	882	153,479	70,584
2012-02-10	$16.05	$16.00	41.4%	11.9%	33.3%	17.6%	41.4%	4.5%	-3.2%	3.3M	-89.6M	-528.2K	0.49	5.98	3,377	1,669	156,599	70,771
2012-02-13	$15.94	$16.00	39.1%	11.2%	31.3%	14.8%	39.0%	4.3%	-2.8%	3.8M	-81.1M	-505.3K	0.18	6.98	12,945	2,372	156,067	70,101
2012-02-14	$16.00	$16.00	36.8%	10.5%	29.8%	12.0%	37.0%	4.5%	-1.8%	4.3M	-87.6M	-516.2K	0.17	9.84	18,096	2,991	163,708	70,567
2012-02-15	$16.14	$16.00	39.4%	11.3%	25.9%	15.1%	39.1%	5.1%	-3.3%	5.2M	-106.0M	-548.4K	0.18	9.54	10,426	1,903	176,806	71,786
2012-02-16	$16.73	$16.00	38.8%	11.1%	27.6%	14.4%	39.9%	4.3%	-3.3%	5.7M	-143.1M	-569.4K	0.23	9.00	12,841	2,917	180,293	72,908
2012-02-17	$16.37	$16.00	40.2%	11.5%	29.1%	16.0%	39.2%	4.0%	-3.3%	3.1M	-123.6M	-562.5K	0.14	5.02	15,541	2,177	181,549	74,835
2012-02-21	$16.00	$16.00	40.0%	11.5%	28.8%	15.8%	39.3%	3.3%	-3.0%	3.0M	-67.4M	-547.3K	0.23	7.02	10,181	2,364	137,580	54,598
2012-02-22	$16.00	$16.00	39.7%	11.4%	28.4%	15.5%	39.9%	2.6%	-2.7%	3.2M	-69.6M	-558.3K	0.13	7.95	12,264	1,621	142,741	55,835
2012-02-23	$16.06	$16.00	40.4%	11.6%	27.7%	16.4%	40.6%	3.8%	-3.7%	3.5M	-73.0M	-560.6K	0.46	6.17	22,059	10,210	147,524	57,032
2012-02-24	$15.46	$16.00	34.2%	9.4%	30.4%	8.8%	31.9%	2.2%	1.7%	2.8M	-42.6M	-518.9K	0.34	9.17	51,011	17,482	152,980	63,238
2012-02-27	$15.32	$16.00	38.1%	9.8%	30.5%	13.5%	34.4%	0.5%	-0.1%	2.2M	-37.8M	-564.5K	2.22	14.32	4,894	10,854	145,559	65,473
2012-02-28	$15.26	$16.00	33.7%	9.1%	30.5%	8.3%	32.1%	0.7%	1.1%	1.9M	-29.9M	-563.6K	0.58	14.73	9,086	5,239	146,003	69,281
2012-02-29	$15.00	$16.00	34.9%	8.9%	30.8%	9.7%	31.4%	1.8%	1.4%	1.6M	-23.4M	-555.3K	0.68	16.72	5,497	3,740	149,658	69,063