MRVL Options History — March 2021

In March 2021, MRVL traded between $40.38 and $49.28. ATM implied volatility averaged 49.8%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 19.6% (HV 20d: 69.3%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.35.

Notable Days

2021-03-09: Highest Volume — 150,962 contracts
2021-03-09: Largest IV spike — 31.3% change
2021-03-09: Highest IV Rank — 39.8%
2021-03-03: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.97	$40.38	$49.28	$49.28	$49.28
Max Pain	$47.02	$45.00	$50.00	$50.00	$47.00
ATM IV	49.8%	40.1%	70.4%	60.4%	41.9%
Expected Move	14.1%	12.1%	17.4%	16.9%	12.4%
HV 20d	69.3%	44.1%	77.2%	44.6%	71.6%
HV 60d	50.5%	39.1%	54.3%	39.1%	54.3%
IV Rank	16.9%	4.1%	39.8%	27.6%	9.5%
IV Percentile	58.9%	6.0%	94.4%	90.1%	20.6%
Term Structure	-1.7%	-16.1%	6.4%	6.4%	0.7%
VWIV	51.8%	43.9%	61.9%	59.3%	43.9%
Skew 25d	-2.6%	-25.3%	16.7%	3.7%	0.9%
Skew 10d	1.0%	-19.4%	18.4%	6.8%	0.3%
Call IV 25d	53.4%	40.2%	71.0%	53.4%	43.4%
Put IV 25d	50.8%	43.5%	67.0%	57.1%	44.3%
Bid-Ask Spread %	16.04	3.49	31.59	12.76	3.49
Gamma HHI	0.15	0.11	0.19	0.16	0.17
Net GEX	12.1M	-2.1M	28.9M	11.6M	28.9M
Net DEX	-227.1M	-511.8M	165.0M	-306.7M	-511.8M
Net VEX	-2.9M	-3.4M	-2.1M	-2.8M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.06	0.78	0.28	0.30
Total Volume	48,389.957	9,945	150,962	31,023	33,919
Total OI	519,459.304	424,183	596,866	424,183	510,080

Daily Data (23 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
2021-03-01	$49.28	$50.00	60.4%	16.9%	44.6%	27.6%	59.3%	3.7%	6.4%	11.6M	-306.7M	-2.8M	0.28	12.76	24,246	6,777	301,974	122,209
2021-03-02	$48.25	$50.00	54.3%	16.6%	44.1%	20.3%	59.5%	-12.0%	-5.6%	10.2M	-260.8M	-2.9M	0.62	9.45	22,374	13,904	312,128	124,880
2021-03-03	$45.86	$50.00	56.1%	17.4%	47.0%	22.4%	61.9%	-11.9%	-1.6%	5.0M	-108.7M	-2.7M	0.47	19.79	50,619	23,688	329,338	133,326
2021-03-04	$40.38	$48.00	48.6%	14.3%	63.2%	13.4%	52.6%	-3.9%	-13.9%	-2.1M	165.0M	-2.1M	0.78	25.74	67,466	52,883	349,240	143,543
2021-03-05	$41.55	$46.00	51.0%	13.9%	64.6%	16.3%	53.1%	-11.7%	-1.0%	-51.4K	120.8M	-2.2M	0.47	23.51	48,878	23,052	361,860	150,484
2021-03-08	$40.48	$45.00	53.6%	14.0%	64.8%	19.4%	51.1%	-3.2%	-9.3%	991.9K	99.7M	-2.2M	0.31	15.89	30,336	9,402	333,722	138,165
2021-03-09	$43.97	$45.00	70.4%	16.1%	71.8%	39.8%	61.3%	-15.6%	-16.1%	6.7M	-96.6M	-2.7M	0.06	30.56	142,386	8,576	346,510	141,707
2021-03-10	$43.14	$45.00	53.1%	15.6%	71.8%	18.8%	57.0%	-25.3%	0.5%	9.6M	-96.2M	-2.8M	0.23	26.49	30,270	6,868	426,287	144,754
2021-03-11	$46.34	$45.00	58.5%	15.3%	77.2%	25.4%	54.9%	-2.7%	-2.5%	16.5M	-356.7M	-3.3M	0.27	24.03	35,431	9,646	431,324	148,882
2021-03-12	$47.12	$45.00	53.2%	15.2%	76.6%	18.9%	53.9%	10.1%	-1.4%	15.6M	-417.3M	-3.3M	0.50	21.16	55,142	27,322	428,159	151,486
2021-03-15	$48.18	$47.00	51.4%	14.9%	76.1%	22.2%	53.1%	-1.4%	-2.1%	17.4M	-428.7M	-3.4M	0.48	17.14	26,324	12,635	419,023	150,377
2021-03-16	$48.01	$47.00	48.8%	14.0%	76.0%	18.7%	50.5%	-2.7%	-0.1%	17.8M	-410.5M	-3.3M	0.28	15.86	28,442	7,840	422,745	154,450
2021-03-17	$48.10	$47.00	47.7%	13.7%	74.4%	16.8%	48.5%	-1.0%	1.6%	18.9M	-415.8M	-3.2M	0.49	31.59	12,923	6,281	427,775	157,167
2021-03-18	$45.76	$47.00	47.4%	13.6%	76.3%	16.4%	49.9%	-0.6%	4.0%	9.6M	-197.3M	-3.0M	0.50	22.16	14,313	7,099	431,553	161,221
2021-03-19	$47.02	$47.00	45.8%	13.2%	76.1%	13.7%	52.0%	-2.2%	-2.4%	13.0M	-298.5M	-3.1M	0.32	13.88	24,727	7,969	433,401	163,465
2021-03-22	$47.84	$47.00	44.8%	13.4%	74.9%	11.9%	50.6%	3.4%	1.7%	16.9M	-370.5M	-3.1M	0.20	10.47	30,455	6,220	330,904	136,828
2021-03-23	$46.18	$47.50	41.6%	12.1%	75.8%	6.7%	46.7%	-0.5%	0.1%	12.6M	-223.3M	-2.8M	0.35	6.59	33,281	11,625	342,983	140,130
2021-03-24	$45.58	$48.00	40.1%	12.3%	75.8%	4.1%	46.2%	16.7%	0.7%	10.5M	-176.6M	-2.8M	0.19	6.58	47,400	8,917	360,734	146,359
2021-03-25	$44.88	$47.00	42.9%	12.3%	73.6%	8.8%	47.3%	-0.2%	1.1%	7.5M	-118.1M	-2.7M	0.27	9.48	34,614	9,409	352,167	150,228
2021-03-26	$46.33	$47.00	44.8%	12.5%	73.0%	12.0%	45.1%	-3.3%	1.7%	13.3M	-241.0M	-2.9M	0.18	7.98	25,408	4,690	370,001	154,117
2021-03-29	$46.47	$47.00	44.7%	12.5%	72.7%	11.9%	46.0%	3.2%	-0.8%	16.2M	-255.4M	-2.8M	0.33	9.67	14,495	4,772	356,981	146,200
2021-03-30	$47.38	$47.00	43.4%	12.3%	72.8%	13.0%	46.1%	0.6%	-1.1%	20.6M	-318.0M	-2.9M	0.28	4.61	7,779	2,166	360,695	148,002
2021-03-31	$49.28	$47.00	41.9%	12.4%	71.6%	9.5%	43.9%	0.9%	0.7%	28.9M	-511.8M	-3.0M	0.30	3.49	26,075	7,844	361,541	148,539