MRVL Options History — March 2023

In March 2023, MRVL traded between $37.70 and $46.45. ATM implied volatility averaged 51.9%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded below realized volatility by 2.9% (HV 20d: 54.8%). Max pain ranged from $40.00 to $42.50. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.96.

Notable Days

2023-03-03: Highest Volume — 136,593 contracts
2023-03-03: Largest IV drop — 21.1% change
2023-03-01: Highest IV Rank — 41.4%
2023-03-01: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.42	$37.70	$46.45	$45.52	$43.00
Max Pain	$42.17	$40.00	$42.50	$40.00	$42.50
ATM IV	51.9%	44.8%	58.1%	58.1%	46.9%
Expected Move	15.0%	13.0%	18.7%	18.7%	13.4%
HV 20d	54.8%	48.3%	60.2%	56.1%	56.6%
HV 60d	53.0%	50.8%	54.7%	50.8%	54.4%
IV Rank	26.1%	8.4%	41.4%	41.4%	13.6%
IV Percentile	23.9%	1.2%	56.7%	56.7%	2.4%
Term Structure	-0.2%	-2.2%	1.1%	-1.8%	0.9%
VWIV	52.5%	44.8%	65.3%	65.3%	46.6%
Skew 25d	6.0%	3.3%	8.7%	5.3%	5.2%
Skew 10d	11.5%	6.6%	15.3%	10.2%	10.4%
Call IV 25d	49.1%	43.5%	55.6%	55.6%	44.2%
Put IV 25d	55.1%	46.8%	60.9%	60.9%	49.4%
Bid-Ask Spread %	3.34	1.93	9.55	2.18	2.47
Gamma HHI	0.08	0.06	0.20	0.09	0.20
Net GEX	1.2M	-5.3M	11.0M	7.5M	11.0M
Net DEX	9.5M	-286.5M	221.8M	-232.4M	-90.6M
Net VEX	-2.5M	-2.8M	-2.2M	-2.4M	-2.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.96	0.34	1.68	0.60	0.69
Total Volume	43,482.13	17,835	136,593	22,995	27,239
Total OI	441,434.913	372,274	509,630	372,274	467,756

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
2023-03-01	$45.52	$40.00	58.1%	18.7%	56.1%	41.4%	65.3%	5.3%	-1.8%	7.5M	-232.4M	-2.4M	0.60	2.18	14,389	8,606	210,537	161,737
2023-03-02	$46.45	$40.00	56.8%	18.4%	48.3%	38.2%	65.0%	4.9%	-2.2%	8.8M	-286.5M	-2.4M	0.78	2.86	39,661	30,971	216,225	164,884
2023-03-03	$43.97	$40.00	44.8%	13.0%	50.1%	8.4%	44.8%	3.3%	-0.0%	6.4M	-116.8M	-2.2M	0.91	4.09	71,665	64,928	235,995	187,484
2023-03-06	$42.03	$42.50	47.9%	13.7%	51.4%	16.1%	48.7%	4.2%	-0.3%	4.7M	-32.9M	-2.2M	1.68	3.12	26,949	45,353	221,530	174,542
2023-03-07	$41.20	$42.50	48.5%	13.9%	50.5%	17.5%	47.3%	3.5%	-0.3%	122.4K	42.9M	-2.3M	1.15	2.80	16,461	18,966	230,501	205,407
2023-03-08	$42.97	$42.50	47.5%	13.6%	50.9%	15.0%	47.3%	4.4%	0.1%	5.0M	-84.4M	-2.4M	0.84	2.33	15,524	13,062	238,712	211,049
2023-03-09	$40.95	$42.50	51.9%	14.8%	52.4%	26.1%	50.7%	4.8%	-0.5%	-585.7K	55.1M	-2.4M	1.58	3.17	11,312	17,877	242,004	214,814
2023-03-10	$38.61	$42.50	55.0%	15.8%	55.7%	33.7%	54.2%	7.1%	-0.8%	-5.2M	219.4M	-2.2M	0.99	3.00	29,729	29,494	244,249	223,313
2023-03-13	$38.20	$42.50	57.5%	16.2%	55.7%	39.9%	56.0%	7.4%	-0.4%	-3.1M	189.9M	-2.2M	1.09	3.74	18,559	20,190	239,169	216,887
2023-03-14	$38.41	$42.50	54.9%	15.6%	54.4%	33.4%	54.6%	6.9%	-0.6%	-4.0M	183.5M	-2.3M	0.77	9.55	19,667	15,054	246,907	224,754
2023-03-15	$37.70	$42.50	55.7%	15.8%	51.8%	35.5%	54.5%	8.7%	-0.3%	-5.3M	221.8M	-2.2M	1.58	9.49	13,181	20,820	253,704	232,671
2023-03-16	$40.36	$42.50	52.7%	15.0%	58.8%	27.9%	52.4%	6.5%	-0.1%	1.5M	32.0M	-2.4M	0.40	2.85	31,673	12,542	260,632	233,721
2023-03-17	$40.02	$42.50	54.8%	15.5%	58.8%	33.2%	53.3%	7.3%	-0.8%	2.4M	50.7M	-2.5M	0.69	2.48	12,669	8,736	272,074	237,556
2023-03-20	$40.16	$42.50	54.0%	15.5%	57.5%	31.4%	54.4%	8.3%	-0.3%	-1.9M	64.6M	-2.4M	1.56	2.47	15,450	24,054	195,675	192,362
2023-03-21	$41.45	$42.50	50.6%	14.5%	57.7%	22.9%	54.2%	7.1%	0.4%	-1.0M	9.7M	-2.6M	1.20	2.13	10,370	12,450	203,157	209,721
2023-03-22	$40.81	$42.50	50.6%	14.5%	57.9%	22.8%	51.0%	6.2%	-0.1%	-2.0M	45.6M	-2.6M	0.37	3.05	18,473	6,784	205,332	217,314
2023-03-23	$42.14	$42.50	53.9%	15.5%	54.6%	31.1%	55.8%	6.4%	0.2%	1.9M	-35.9M	-2.7M	0.75	3.04	62,012	46,331	213,948	219,336
2023-03-24	$40.91	$42.50	53.4%	15.3%	54.3%	29.7%	52.8%	6.9%	0.1%	-1.6M	50.4M	-2.7M	1.19	2.18	16,263	19,427	224,142	234,130
2023-03-27	$41.25	$42.50	51.3%	14.7%	53.9%	24.6%	51.1%	6.6%	0.4%	-1.7M	27.8M	-2.7M	0.87	2.33	9,551	8,284	210,756	216,701
2023-03-28	$40.11	$42.50	50.8%	14.6%	53.9%	23.4%	51.1%	6.3%	1.1%	-4.3M	101.0M	-2.6M	1.09	2.88	9,565	10,385	214,327	222,570
2023-03-29	$43.00	$42.50	48.6%	14.0%	60.2%	17.9%	49.4%	5.6%	0.8%	2.5M	-77.7M	-2.8M	0.34	1.93	40,851	13,912	217,202	227,041
2023-03-30	$43.36	$42.50	47.9%	13.6%	59.7%	16.1%	47.5%	5.3%	0.6%	6.8M	-119.2M	-2.8M	0.87	2.61	11,051	9,599	227,780	232,695
2023-03-31	$43.00	$42.50	46.9%	13.4%	56.6%	13.6%	46.6%	5.2%	0.9%	11.0M	-90.6M	-2.8M	0.69	2.47	16,122	11,117	230,511	237,245