MRVL Options History — February 2014

In February 2014, MRVL traded between $14.43 and $16.13. ATM implied volatility averaged 42.9%, placing in the 44.8% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 13.8% (HV 20d: 29.1%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.87.

Notable Days

2014-02-20: Highest Volume — 46,337 contracts
2014-02-21: Largest IV drop — 21.5% change
2014-02-12: Highest IV Rank — 62.0%
2014-02-21: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.16	$14.43	$16.13	$14.45	$15.29
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	42.9%	35.1%	48.3%	47.3%	35.1%
Expected Move	9.5%	9.1%	10.2%	9.5%	9.3%
HV 20d	29.1%	24.5%	34.8%	34.8%	26.8%
HV 60d	30.2%	28.7%	31.3%	31.3%	29.0%
IV Rank	44.8%	20.3%	62.0%	58.6%	20.5%
IV Percentile	60.5%	17.1%	90.5%	86.5%	17.5%
Term Structure	-0.4%	-2.8%	6.0%	-1.6%	0.3%
VWIV	33.0%	26.0%	37.9%	29.6%	35.3%
Skew 25d	3.8%	2.3%	5.1%	2.4%	2.8%
Skew 10d	7.8%	-2.7%	14.9%	-2.7%	9.0%
Call IV 25d	42.3%	34.6%	47.3%	46.6%	36.0%
Put IV 25d	46.0%	37.6%	51.4%	49.0%	38.8%
Bid-Ask Spread %	28.69	19.83	43.52	28.24	30.74
Gamma HHI	0.18	0.14	0.22	0.17	0.18
Net GEX	929.5K	-344.1K	1.7M	1.1M	205
Net DEX	-31.1M	-65.3M	-1.1M	-22.8M	-9.0M
Net VEX	-338.2K	-385.1K	-290.8K	-305.0K	-353.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.07	4.29	0.81	0.63
Total Volume	12,589.105	2,645	46,337	4,061	4,157
Total OI	170,125.474	146,020	206,742	157,532	162,658

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
2014-02-03	$14.45	$10.00	47.3%	9.5%	34.8%	58.6%	29.6%	2.4%	-1.6%	1.1M	-22.8M	-305.0K	0.81	28.24	2,238	1,823	97,115	60,417
2014-02-04	$14.43	$10.00	45.9%	9.4%	32.6%	54.1%	37.9%	3.0%	-0.6%	1.0M	-21.5M	-299.6K	0.22	30.57	6,929	1,493	97,226	61,709
2014-02-05	$14.53	$10.00	45.9%	9.4%	32.7%	54.1%	0.0%	2.8%	-2.2%	1.1M	-25.6M	-302.2K	0.07	27.81	2,730	184	98,561	62,239
2014-02-06	$14.62	$10.00	44.9%	9.4%	32.1%	50.9%	37.9%	2.4%	-1.8%	1.4M	-27.8M	-297.2K	0.43	23.97	2,656	1,144	97,952	62,271
2014-02-07	$14.90	$10.00	42.5%	9.2%	32.5%	42.7%	0.0%	3.6%	-0.7%	1.7M	-36.4M	-300.0K	0.68	21.27	4,580	3,117	99,131	63,168
2014-02-10	$14.86	$10.00	45.1%	9.4%	32.5%	51.3%	32.2%	4.3%	-0.8%	1.6M	-34.7M	-290.8K	3.18	26.99	4,143	13,172	93,180	57,253
2014-02-11	$14.82	$10.00	47.9%	9.5%	32.5%	60.7%	0.0%	4.9%	-1.3%	1.3M	-26.8M	-322.5K	4.29	24.74	4,732	20,286	94,490	68,521
2014-02-12	$15.25	$10.00	48.3%	9.7%	31.2%	62.0%	0.0%	5.1%	-1.6%	1.4M	-38.0M	-366.0K	0.57	26.52	11,161	6,392	97,271	85,662
2014-02-13	$15.23	$10.00	48.1%	9.6%	30.6%	61.6%	32.1%	4.7%	-2.8%	1.5M	-40.5M	-385.1K	0.48	19.83	1,782	863	103,024	89,466
2014-02-14	$15.32	$10.00	46.9%	9.8%	24.5%	57.4%	0.0%	5.0%	-1.0%	1.4M	-44.9M	-381.6K	0.32	43.52	4,068	1,285	103,626	89,599
2014-02-18	$15.73	$10.00	44.9%	9.6%	25.8%	50.9%	30.1%	4.8%	-0.0%	1.7M	-58.4M	-357.5K	0.61	26.14	12,281	7,445	98,922	86,480
2014-02-19	$15.77	$10.00	43.8%	9.8%	25.5%	47.2%	32.0%	4.9%	0.1%	1.5M	-58.7M	-361.3K	0.60	35.83	7,897	4,746	100,804	91,546
2014-02-20	$16.13	$10.00	47.7%	9.1%	24.7%	60.1%	32.3%	3.8%	6.0%	1.2M	-65.3M	-353.9K	0.54	28.24	30,031	16,306	96,834	94,590
2014-02-21	$15.60	$10.00	37.5%	10.2%	27.5%	26.0%	34.9%	4.5%	0.6%	-344.1K	-49.7M	-342.8K	0.81	33.82	17,604	14,278	107,362	99,380
2014-02-24	$15.42	$10.00	36.2%	9.4%	25.7%	24.4%	29.2%	4.3%	-0.3%	43.9K	-11.6M	-346.8K	0.70	30.40	5,038	3,551	68,281	77,739
2014-02-25	$15.11	$10.00	37.0%	9.4%	26.9%	27.4%	26.0%	3.5%	-0.1%	-249.2K	-1.1M	-349.5K	0.44	32.23	7,538	3,298	69,839	79,775
2014-02-26	$15.28	$10.00	35.1%	10.1%	27.1%	20.3%	36.8%	2.8%	0.4%	145.7K	-7.4M	-357.6K	0.63	26.55	2,473	1,558	75,461	81,861
2014-02-27	$15.32	$10.00	35.5%	9.3%	27.0%	21.9%	35.4%	2.3%	0.1%	232.4K	-10.3M	-354.0K	0.60	27.65	3,879	2,335	76,411	82,560
2014-02-28	$15.29	$10.00	35.1%	9.3%	26.8%	20.5%	35.3%	2.8%	0.3%	205	-9.0M	-353.2K	0.63	30.74	2,550	1,607	78,484	84,174