MRVL Options History — April 2012

In April 2012, MRVL traded between $14.72 and $15.88. ATM implied volatility averaged 33.1%, placing in the 7.5% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 12.2% (HV 20d: 20.9%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.39.

Notable Days

2012-04-30: Highest Volume — 51,194 contracts
2012-04-05: Largest IV drop — 29.1% change
2012-04-04: Highest IV Rank — 13.9%
2012-04-30: Largest Expected Move — 13.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.20	$14.72	$15.88	$15.88	$15.01
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	33.1%	27.2%	38.4%	32.5%	33.8%
Expected Move	9.4%	8.1%	13.1%	8.3%	13.1%
HV 20d	20.9%	18.1%	26.7%	18.1%	26.7%
HV 60d	25.5%	23.8%	27.5%	27.5%	24.2%
IV Rank	7.5%	0.4%	13.9%	6.8%	8.4%
IV Percentile	21.8%	0.8%	46.8%	17.1%	25.0%
Term Structure	3.0%	-8.4%	5.6%	1.9%	-8.4%
VWIV	32.9%	28.7%	45.5%	29.1%	45.5%
Skew 25d	2.0%	0.8%	3.1%	1.9%	3.1%
Skew 10d	4.1%	1.7%	5.6%	4.6%	5.6%
Call IV 25d	32.6%	28.6%	44.3%	29.1%	44.3%
Put IV 25d	34.6%	30.2%	47.4%	31.0%	47.4%
Bid-Ask Spread %	6.27	3.53	14.82	5.15	3.53
Gamma HHI	0.17	0.13	0.22	0.18	0.21
Net GEX	2.6M	1.7M	3.7M	3.6M	2.9M
Net DEX	-47.0M	-73.4M	-27.0M	-73.4M	-45.8M
Net VEX	-559.7K	-619.6K	-510.7K	-619.6K	-544.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.07	1.06	0.50	0.49
Total Volume	9,262.55	1,221	51,194	10,088	51,194
Total OI	243,218.8	228,106	257,424	238,041	242,276

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
2012-04-02	$15.88	$15.00	32.5%	8.3%	18.1%	6.8%	29.1%	1.9%	1.9%	3.6M	-73.4M	-619.6K	0.50	5.15	6,712	3,376	166,255	71,786
2012-04-03	$15.65	$15.00	34.0%	8.1%	18.5%	8.6%	28.7%	0.8%	2.2%	3.4M	-64.4M	-610.3K	0.14	8.88	7,016	995	168,834	71,378
2012-04-04	$15.29	$15.00	38.4%	8.4%	20.4%	13.9%	29.0%	2.2%	2.1%	2.6M	-46.0M	-575.3K	0.62	6.32	4,814	2,999	167,929	70,976
2012-04-05	$15.14	$15.00	27.2%	8.1%	20.5%	0.4%	28.7%	1.1%	3.6%	2.3M	-40.0M	-569.8K	0.70	5.71	1,678	1,183	168,182	72,102
2012-04-09	$14.94	$15.00	34.5%	9.6%	21.0%	9.3%	33.9%	2.1%	2.8%	1.9M	-31.5M	-544.5K	0.47	4.78	9,265	4,349	167,186	72,125
2012-04-10	$14.75	$15.00	36.9%	10.1%	21.0%	12.1%	35.4%	2.4%	2.8%	1.7M	-27.0M	-545.5K	0.07	5.06	7,761	562	170,358	73,411
2012-04-11	$15.07	$15.00	31.8%	9.8%	19.8%	6.0%	33.9%	2.5%	3.8%	2.2M	-40.2M	-561.8K	0.42	6.02	860	361	172,295	73,620
2012-04-12	$15.31	$15.00	33.9%	9.7%	20.5%	8.5%	34.3%	2.6%	3.5%	2.7M	-49.9M	-576.3K	0.17	4.75	4,441	753	172,187	73,606
2012-04-13	$15.12	$15.00	34.2%	9.8%	20.0%	8.9%	34.7%	1.2%	3.8%	2.3M	-43.2M	-563.8K	0.10	5.72	5,739	571	172,765	73,948
2012-04-16	$15.25	$15.00	35.6%	10.2%	19.5%	10.6%	35.2%	1.8%	2.3%	2.6M	-49.7M	-566.9K	0.36	5.49	3,293	1,197	176,321	73,908
2012-04-17	$15.41	$15.00	34.4%	9.9%	19.8%	9.1%	34.1%	1.9%	2.9%	3.0M	-57.1M	-572.5K	1.06	6.31	1,948	2,069	177,376	73,981
2012-04-18	$15.60	$15.00	32.9%	9.4%	18.9%	7.3%	33.8%	2.2%	3.4%	3.7M	-67.1M	-578.6K	0.11	7.33	3,251	361	178,152	74,209
2012-04-19	$15.44	$15.00	32.7%	9.4%	19.2%	7.0%	31.9%	2.1%	4.4%	3.1M	-59.9M	-569.0K	0.69	8.47	2,521	1,742	181,021	74,172
2012-04-20	$15.20	$15.00	32.0%	9.2%	19.8%	6.2%	31.8%	2.3%	4.8%	2.2M	-49.5M	-549.5K	0.40	5.03	6,085	2,430	182,241	75,183
2012-04-23	$15.11	$15.00	32.8%	9.4%	19.8%	7.1%	32.8%	2.2%	4.0%	2.2M	-42.5M	-537.0K	0.26	5.12	3,852	989	161,114	66,992
2012-04-24	$14.72	$15.00	32.1%	9.2%	21.4%	6.3%	32.7%	1.6%	4.4%	1.9M	-27.5M	-510.7K	0.56	4.11	5,676	3,168	161,839	67,120
2012-04-25	$14.96	$15.00	31.3%	9.0%	22.5%	5.3%	31.6%	2.1%	4.6%	2.1M	-35.1M	-522.9K	0.16	7.13	5,931	966	164,248	69,019
2012-04-26	$15.35	$15.00	29.5%	8.5%	24.5%	3.2%	29.7%	2.0%	5.6%	2.7M	-53.7M	-545.2K	0.12	5.63	14,585	1,684	168,914	69,521
2012-04-27	$14.89	$15.00	31.6%	9.1%	26.4%	5.7%	32.2%	2.0%	4.5%	2.6M	-36.9M	-529.4K	0.37	14.82	6,477	2,397	177,748	70,078
2012-04-30	$15.01	$15.00	33.8%	13.1%	26.7%	8.4%	45.5%	3.1%	-8.4%	2.9M	-45.8M	-544.9K	0.49	3.53	34,337	16,857	172,312	69,964