MRVL Options History — November 2014

In November 2014, MRVL traded between $12.92 and $14.37. ATM implied volatility averaged 32.3%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 2.8% (HV 20d: 35.2%). Max pain ranged from $13.00 to $13.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.94.

Notable Days

2014-11-21: Highest Volume — 23,324 contracts
2014-11-21: Largest IV drop — 24.6% change
2014-11-04: Highest IV Rank — 46.9%
2014-11-19: Largest Expected Move — 9.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.56	$12.92	$14.37	$13.51	$14.32
Max Pain	$13.00	$13.00	$13.00	$13.00	$13.00
ATM IV	32.3%	24.2%	35.9%	35.2%	25.3%
Expected Move	9.1%	8.3%	9.5%	9.0%	8.4%
HV 20d	35.2%	27.6%	45.3%	45.3%	35.6%
HV 60d	31.1%	29.6%	33.1%	29.7%	33.0%
IV Rank	34.0%	4.0%	46.9%	44.6%	8.3%
IV Percentile	44.4%	5.6%	69.0%	57.5%	20.6%
Term Structure	-0.7%	-2.5%	0.8%	-0.4%	-0.0%
VWIV	32.4%	28.6%	34.3%	32.7%	29.9%
Skew 25d	2.5%	1.4%	4.3%	2.0%	1.9%
Skew 10d	5.2%	0.8%	10.5%	5.4%	3.9%
Call IV 25d	32.4%	24.3%	35.8%	35.5%	25.2%
Put IV 25d	34.9%	26.4%	38.6%	37.5%	27.1%
Bid-Ask Spread %	12.86	7.40	21.05	11.66	11.10
Gamma HHI	0.31	0.25	0.62	0.30	0.36
Net GEX	2.3M	997.4K	7.1M	3.0M	2.2M
Net DEX	-26.2M	-52.2M	-3.7M	-33.6M	-52.2M
Net VEX	-313.2K	-348.8K	-285.9K	-339.8K	-348.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.94	0.04	2.63	1.11	0.04
Total Volume	8,347.211	1,473	23,324	11,377	4,455
Total OI	186,849	142,028	203,320	196,181	149,959

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
2014-11-03	$13.51	$13.00	35.2%	9.0%	45.3%	44.6%	32.7%	2.0%	-0.4%	3.0M	-33.6M	-339.8K	1.11	11.66	5,394	5,983	150,439	45,742
2014-11-04	$13.50	$13.00	35.9%	9.3%	45.2%	46.9%	32.6%	2.1%	-1.3%	2.8M	-29.2M	-328.6K	1.51	13.26	3,775	5,689	150,227	46,603
2014-11-05	$13.67	$13.00	35.0%	9.3%	44.6%	43.7%	32.6%	2.8%	0.1%	3.3M	-35.7M	-333.4K	1.83	14.48	3,234	5,916	150,480	47,071
2014-11-06	$13.38	$13.00	35.4%	9.4%	44.9%	45.2%	33.4%	2.4%	-1.0%	2.4M	-25.1M	-317.1K	2.63	14.87	3,775	9,917	150,227	47,193
2014-11-07	$13.38	$13.00	34.3%	9.5%	35.0%	40.9%	33.4%	2.4%	-0.4%	1.7M	-19.3M	-309.1K	1.13	16.31	3,421	3,867	151,157	50,966
2014-11-10	$13.57	$13.00	35.0%	9.0%	30.1%	43.7%	33.2%	2.3%	-2.5%	2.1M	-23.2M	-311.9K	2.25	21.05	2,380	5,364	143,698	48,764
2014-11-11	$13.32	$13.00	34.3%	9.3%	28.7%	41.1%	34.2%	3.5%	0.2%	1.8M	-18.7M	-302.3K	1.10	17.65	5,864	6,476	143,029	48,565
2014-11-12	$13.33	$13.00	34.0%	9.5%	27.6%	39.9%	33.5%	2.4%	-0.3%	1.8M	-17.5M	-320.2K	0.63	12.49	5,867	3,685	147,384	52,089
2014-11-13	$12.92	$13.00	34.9%	9.5%	30.1%	43.2%	34.3%	3.7%	-1.8%	997.4K	-3.7M	-294.3K	0.93	17.19	4,035	3,762	147,680	52,100
2014-11-14	$13.14	$13.00	34.9%	9.3%	30.5%	43.3%	34.1%	3.0%	-2.0%	1.3M	-9.5M	-296.0K	0.39	14.18	1,317	507	148,520	52,188
2014-11-17	$13.05	$13.00	34.9%	9.5%	29.5%	43.2%	34.1%	2.3%	-1.1%	1.2M	-6.8M	-285.9K	0.69	12.20	2,933	2,030	146,624	49,511
2014-11-18	$13.52	$13.00	33.9%	9.2%	31.6%	39.7%	33.4%	4.3%	0.1%	2.0M	-19.5M	-299.8K	0.80	8.59	3,186	2,540	147,084	49,799
2014-11-19	$13.37	$13.00	34.5%	9.5%	32.0%	41.8%	32.4%	2.4%	-2.4%	1.8M	-18.0M	-300.4K	0.65	7.40	895	578	147,422	50,833
2014-11-20	$13.31	$13.00	35.7%	9.4%	31.7%	46.4%	33.1%	2.5%	-2.3%	1.5M	-14.0M	-289.8K	0.28	10.12	10,346	2,949	146,210	50,864
2014-11-21	$14.00	$13.00	26.9%	8.7%	36.1%	14.7%	30.5%	2.0%	-0.1%	7.1M	-42.1M	-302.4K	0.22	14.73	19,138	4,186	151,089	52,231
2014-11-24	$13.90	$13.00	25.7%	8.3%	36.3%	10.0%	29.1%	1.4%	-0.2%	1.8M	-37.4M	-314.3K	0.73	9.01	3,021	2,216	112,005	30,023
2014-11-25	$14.05	$13.00	24.6%	8.4%	36.4%	5.5%	31.2%	2.9%	0.8%	2.0M	-41.8M	-323.1K	0.84	8.03	2,683	2,259	113,597	32,012
2014-11-26	$14.37	$13.00	24.2%	8.6%	36.9%	4.0%	28.6%	2.1%	0.6%	2.3M	-50.3M	-333.1K	0.10	10.03	4,520	434	114,303	32,443
2014-11-28	$14.32	$13.00	25.3%	8.4%	35.6%	8.3%	29.9%	1.9%	-0.0%	2.2M	-52.2M	-348.8K	0.04	11.10	4,265	190	117,409	32,550