MRVL Options History — March 2020

In March 2020, MRVL traded between $16.68 and $24.48. ATM implied volatility averaged 73.9%, placing in the 60.9% IV rank vs the trailing year. The 30-day expected move averaged 20.5%. IV traded below realized volatility by 9.2% (HV 20d: 83.1%). Max pain ranged from $21.00 to $24.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.62.

Notable Days

2020-03-05: Highest Volume — 70,837 contracts
2020-03-11: Largest IV spike — 72.8% change
2020-03-12: Highest IV Rank — 100.0%
2020-03-16: Largest Expected Move — 27.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.21	$16.68	$24.48	$21.73	$22.54
Max Pain	$22.45	$21.00	$24.00	$24.00	$21.00
ATM IV	73.9%	42.7%	119.9%	51.0%	80.5%
Expected Move	20.5%	15.5%	27.5%	18.7%	18.1%
HV 20d	83.1%	53.9%	114.6%	54.1%	110.4%
HV 60d	59.8%	44.9%	75.0%	45.8%	74.7%
IV Rank	60.9%	22.3%	100.0%	46.2%	58.1%
IV Percentile	97.3%	85.3%	100.0%	98.4%	97.2%
Term Structure	-3.8%	-55.1%	34.7%	21.7%	-8.0%
VWIV	70.1%	53.9%	91.4%	64.8%	63.5%
Skew 25d	17.4%	-18.8%	93.6%	5.2%	-18.8%
Skew 10d	28.1%	-29.9%	106.2%	32.3%	25.9%
Call IV 25d	74.3%	34.2%	129.6%	59.7%	117.2%
Put IV 25d	91.7%	53.2%	202.1%	64.9%	98.4%
Bid-Ask Spread %	19.54	6.68	58.22	15.88	24.49
Gamma HHI	0.10	0.07	0.16	0.10	0.08
Net GEX	194.6K	-1.2M	3.6M	-423.1K	846.0K
Net DEX	14.5M	-80.6M	89.2M	27.6M	-29.3M
Net VEX	-932.2K	-1.1M	-672.1K	-982.9K	-957.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.27	1.47	0.77	0.58
Total Volume	15,256.227	4,456	70,837	11,003	17,364
Total OI	270,302.682	232,414	298,887	272,025	241,651

Daily Data (22 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
2020-03-02	$21.73	$24.00	51.0%	18.7%	54.1%	46.2%	64.8%	5.2%	21.7%	-423.1K	27.6M	-982.9K	0.77	15.88	6,206	4,797	161,070	110,955
2020-03-03	$21.51	$24.00	58.1%	19.0%	53.9%	59.4%	66.9%	9.6%	-1.9%	-664.4K	33.9M	-965.5K	0.59	10.10	5,760	3,391	164,080	112,777
2020-03-04	$22.37	$24.00	65.3%	16.9%	55.2%	72.5%	60.2%	12.7%	-16.7%	79.5K	11.1M	-1.0M	0.52	8.40	15,552	8,039	165,643	114,737
2020-03-05	$24.48	$22.00	61.5%	15.5%	63.0%	65.5%	53.9%	10.4%	-22.5%	3.6M	-80.6M	-1.1M	0.27	7.54	55,729	15,108	171,852	120,525
2020-03-06	$23.90	$23.00	71.7%	16.7%	63.4%	84.5%	56.2%	6.0%	-55.1%	3.2M	-43.3M	-1.1M	1.03	11.59	14,905	15,366	174,183	124,704
2020-03-09	$22.69	$24.00	62.4%	18.1%	62.1%	67.3%	63.5%	22.9%	11.5%	239.3K	2.4M	-1.0M	0.59	16.81	8,234	4,887	165,618	116,280
2020-03-10	$23.06	$24.00	42.7%	17.4%	62.5%	30.8%	57.1%	19.0%	16.9%	470.0K	-7.2M	-1.1M	0.33	7.37	7,912	2,591	168,587	118,282
2020-03-11	$22.06	$23.00	73.8%	20.3%	60.2%	88.3%	64.8%	19.1%	-8.5%	-384.8K	16.7M	-1.0M	0.37	6.68	7,878	2,940	171,257	119,505
2020-03-12	$19.95	$23.00	119.9%	26.1%	68.6%	100.0%	87.3%	74.0%	-49.0%	-1.1M	56.0M	-922.7K	0.64	10.52	8,184	5,237	173,813	120,194
2020-03-13	$20.23	$23.00	99.9%	23.7%	69.2%	78.7%	70.2%	93.6%	-36.0%	-863.6K	53.4M	-906.6K	0.96	33.05	5,128	4,945	178,486	120,399
2020-03-16	$18.27	$23.00	97.4%	27.5%	76.2%	76.0%	91.4%	26.1%	15.9%	-807.8K	78.3M	-772.7K	1.11	13.40	2,836	3,159	161,825	111,153
2020-03-17	$18.71	$23.00	81.6%	23.5%	77.5%	59.2%	77.7%	16.8%	3.0%	-1.2M	78.5M	-775.9K	0.56	15.17	6,174	3,448	162,803	111,015
2020-03-18	$16.68	$23.00	92.3%	26.5%	84.4%	70.6%	85.8%	25.9%	-6.3%	-437.6K	89.2M	-672.1K	0.34	22.03	8,038	2,746	165,958	109,279
2020-03-19	$19.26	$23.00	74.9%	22.1%	102.6%	52.1%	73.3%	19.9%	-11.9%	-1.2M	60.1M	-817.9K	0.37	46.30	8,804	3,261	170,582	109,234
2020-03-20	$19.11	$21.00	83.2%	20.4%	102.4%	61.0%	76.0%	17.0%	29.3%	-317.5K	66.1M	-788.9K	0.83	58.22	6,185	5,122	173,231	110,552
2020-03-23	$18.59	$21.00	63.7%	21.4%	101.0%	40.1%	68.9%	-3.6%	4.7%	-447.8K	55.2M	-734.7K	0.34	35.96	4,563	1,565	136,564	95,850
2020-03-24	$21.32	$21.00	46.9%	18.9%	113.8%	22.3%	69.6%	13.3%	11.3%	56.2K	-1.1M	-893.8K	0.61	21.03	10,613	6,470	138,495	96,573
2020-03-25	$22.19	$21.00	67.2%	21.1%	114.6%	43.9%	72.6%	-10.9%	-3.5%	653.3K	-28.7M	-976.0K	0.35	14.09	6,656	2,343	142,168	100,527
2020-03-26	$22.71	$21.00	75.8%	20.1%	111.3%	53.0%	81.2%	24.1%	3.6%	1.1M	-43.0M	-984.3K	1.47	18.65	5,849	8,604	143,454	101,316
2020-03-27	$22.66	$21.00	97.5%	20.5%	111.3%	76.1%	72.4%	4.6%	-15.9%	1.1M	-41.6M	-998.8K	0.68	23.03	8,682	5,910	143,219	107,973
2020-03-30	$22.56	$21.00	59.0%	19.0%	110.5%	35.2%	65.0%	-4.5%	34.7%	870.3K	-35.0M	-968.6K	0.42	9.59	3,142	1,314	140,169	100,121
2020-03-31	$22.54	$21.00	80.5%	18.1%	110.4%	58.1%	63.5%	-18.8%	-8.0%	846.0K	-29.3M	-957.2K	0.58	24.49	10,976	6,388	141,213	100,438