MRVL Options History — January 2016

In January 2016, MRVL traded between $7.81 and $8.78. ATM implied volatility averaged 47.9%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 10.7% (HV 20d: 37.2%). Max pain ranged from $8.50 to $9.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.95.

Notable Days

2016-01-06: Highest Volume — 15,715 contracts
2016-01-15: Largest IV spike — 10.0% change
2016-01-27: Highest IV Rank — 27.9%
2016-01-21: Largest Expected Move — 15.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.26	$7.81	$8.78	$8.78	$8.55
Max Pain	$8.84	$8.50	$9.00	$9.00	$8.50
ATM IV	47.9%	42.3%	53.3%	45.8%	49.7%
Expected Move	14.2%	13.0%	15.2%	13.7%	14.0%
HV 20d	37.2%	34.1%	45.0%	39.7%	37.3%
HV 60d	46.9%	37.4%	51.0%	48.5%	37.7%
IV Rank	22.0%	15.6%	27.9%	20.0%	23.9%
IV Percentile	60.7%	48.4%	72.2%	58.7%	61.5%
Term Structure	1.9%	-0.7%	6.1%	0.8%	-0.6%
VWIV	50.3%	44.8%	53.5%	46.9%	51.1%
Skew 25d	4.5%	1.9%	7.0%	4.8%	3.5%
Skew 10d	10.4%	0.4%	19.8%	10.0%	0.4%
Call IV 25d	46.6%	41.3%	52.1%	45.9%	50.3%
Put IV 25d	51.1%	45.1%	57.6%	50.7%	53.8%
Bid-Ask Spread %	44.94	5.61	99.43	7.16	90.35
Gamma HHI	0.34	0.23	0.48	0.48	0.41
Net GEX	249.4K	-250.0K	1.0M	1.0M	516.7K
Net DEX	1.5M	-7.7M	10.9M	-2.2M	-7.7M
Net VEX	-71.0K	-92.1K	-58.5K	-92.1K	-69.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.44	2.08	0.62	0.64
Total Volume	8,053.632	4,286	15,715	8,236	5,005
Total OI	112,867.421	59,052	163,709	151,105	60,403

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
2016-01-04	$8.78	$9.00	45.8%	13.7%	39.7%	20.0%	46.9%	4.8%	0.8%	1.0M	-2.2M	-92.1K	0.62	7.16	5,093	3,143	121,022	30,083
2016-01-05	$8.56	$9.00	43.0%	13.0%	40.3%	16.5%	44.8%	4.0%	1.8%	636.9K	2.4M	-80.2K	1.80	9.63	5,175	9,318	121,363	29,990
2016-01-06	$8.06	$9.00	44.8%	13.9%	45.0%	18.5%	49.4%	5.0%	0.7%	53.9K	10.9M	-73.3K	1.83	5.61	5,547	10,168	122,060	36,077
2016-01-07	$8.12	$9.00	46.7%	14.0%	37.0%	20.6%	50.7%	7.0%	-0.6%	-9.8K	10.7M	-71.9K	2.08	6.42	4,915	10,236	122,077	36,129
2016-01-08	$8.21	$9.00	45.8%	14.2%	36.7%	19.6%	52.8%	4.5%	-0.7%	-37.7K	9.3M	-76.0K	0.73	6.27	5,491	3,997	124,175	36,196
2016-01-11	$8.32	$9.00	44.8%	14.1%	36.7%	18.4%	49.6%	2.4%	5.0%	-18.7K	8.0M	-75.1K	0.44	14.27	6,994	3,093	124,772	35,968
2016-01-12	$8.49	$9.00	42.3%	14.1%	36.4%	15.6%	49.1%	2.7%	6.1%	34.3K	5.1M	-79.1K	0.54	26.74	5,870	3,190	126,590	36,123
2016-01-13	$8.27	$9.00	44.5%	14.2%	36.5%	18.1%	48.4%	1.9%	4.7%	-187.1K	9.3M	-72.6K	0.57	26.11	5,404	3,097	127,351	36,358
2016-01-14	$8.35	$9.00	43.3%	13.5%	35.3%	16.8%	47.6%	4.5%	4.5%	-250.0K	7.5M	-72.3K	0.63	17.35	4,984	3,162	127,179	36,235
2016-01-15	$8.11	$9.00	47.6%	14.5%	34.1%	21.6%	52.2%	3.8%	4.6%	301.8K	10.1M	-66.6K	0.57	19.94	5,507	3,145	127,231	36,099
2016-01-19	$7.81	$9.00	49.4%	14.3%	36.2%	23.6%	52.5%	4.7%	0.4%	207.5K	-2.0M	-58.5K	1.18	29.08	2,602	3,078	48,085	13,310
2016-01-20	$7.91	$9.00	51.8%	14.9%	36.5%	26.3%	51.4%	6.1%	1.6%	253.6K	-2.8M	-62.8K	1.11	78.75	2,592	2,869	49,004	13,659
2016-01-21	$8.10	$9.00	53.3%	15.2%	37.8%	27.8%	52.9%	5.2%	2.3%	313.3K	-4.3M	-65.8K	0.89	79.47	3,514	3,123	49,793	13,749
2016-01-22	$8.20	$8.50	50.8%	14.3%	37.4%	25.1%	50.3%	4.7%	4.4%	361.6K	-5.2M	-67.7K	1.22	83.60	2,313	2,812	50,732	14,032
2016-01-25	$8.16	$8.50	53.0%	14.9%	35.4%	27.6%	52.2%	5.8%	-0.7%	334.1K	-4.3M	-64.2K	0.59	78.62	2,873	1,703	46,703	12,349
2016-01-26	$8.32	$8.50	50.9%	15.0%	36.1%	25.2%	53.5%	5.7%	1.5%	416.8K	-6.3M	-70.1K	0.95	89.54	2,232	2,123	47,522	12,169
2016-01-27	$8.20	$8.50	53.3%	14.7%	36.1%	27.9%	51.9%	5.2%	0.3%	360.4K	-4.8M	-65.7K	0.98	99.43	2,203	2,162	47,666	12,260
2016-01-28	$8.37	$8.50	50.0%	13.6%	36.9%	24.2%	47.6%	5.0%	-0.5%	408.9K	-5.4M	-65.4K	0.73	85.61	2,475	1,811	47,664	12,303
2016-01-29	$8.55	$8.50	49.7%	14.0%	37.3%	23.9%	51.1%	3.5%	-0.6%	516.7K	-7.7M	-69.9K	0.64	90.35	3,056	1,949	48,088	12,315