MRVL Options History — January 2025

In January 2025, MRVL traded between $101.47 and $125.86. ATM implied volatility averaged 47.4%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 20.0% (HV 20d: 67.4%). Max pain ranged from $85.00 to $110.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.45.

Notable Days

2025-01-27: Highest Volume — 187,945 contracts
2025-01-27: Largest IV spike — 35.8% change
2025-01-27: Highest IV Rank — 64.2%
2025-01-27: Largest Expected Move — 17.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.04	$101.47	$125.86	$113.15	$113.15
Max Pain	$103.50	$85.00	$110.00	$85.00	$110.00
ATM IV	47.4%	42.8%	58.5%	46.7%	56.3%
Expected Move	13.4%	12.1%	17.3%	13.0%	14.9%
HV 20d	67.4%	33.4%	108.3%	108.3%	82.8%
HV 60d	71.9%	68.5%	81.3%	68.5%	80.4%
IV Rank	33.7%	21.0%	64.2%	31.6%	58.0%
IV Percentile	50.0%	26.2%	89.7%	54.0%	82.5%
Term Structure	1.8%	-3.8%	9.4%	-2.0%	9.4%
VWIV	46.8%	42.7%	57.5%	45.2%	51.4%
Skew 25d	1.7%	-0.1%	5.4%	1.6%	2.6%
Skew 10d	3.4%	-8.7%	11.0%	-8.7%	6.4%
Call IV 25d	46.3%	42.2%	55.1%	44.8%	51.4%
Put IV 25d	48.0%	43.4%	60.5%	46.4%	54.0%
Bid-Ask Spread %	35.05	20.05	52.48	20.05	22.59
Gamma HHI	0.12	0.04	0.47	0.08	0.09
Net GEX	36.0M	-927.2K	95.5M	23.8M	46.3M
Net DEX	-1.45B	-2.55B	-119.2M	-1.50B	-1.22B
Net VEX	-6.2M	-7.3M	-5.8M	-5.8M	-7.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.45	0.20	1.01	0.20	0.32
Total Volume	61,836.5	23,308	187,945	36,936	96,791
Total OI	591,379.6	454,180	670,007	612,970	617,210

Daily Data (20 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
2025-01-02	$113.15	$85.00	46.7%	13.0%	108.3%	31.6%	45.2%	1.6%	-2.0%	23.8M	-1.50B	-5.8M	0.20	20.05	30,876	6,060	287,288	325,682
2025-01-03	$117.98	$85.00	43.6%	12.2%	78.6%	23.3%	42.7%	1.1%	1.7%	36.8M	-1.93B	-5.8M	0.32	26.31	37,770	12,205	294,756	328,294
2025-01-06	$119.59	$100.00	46.6%	13.2%	77.1%	31.5%	46.1%	3.2%	-3.8%	38.1M	-2.02B	-5.9M	0.41	49.33	38,774	15,838	297,262	324,508
2025-01-07	$115.65	$100.00	47.2%	13.4%	78.2%	33.1%	47.1%	1.4%	-0.0%	30.7M	-1.67B	-6.1M	0.72	52.48	21,472	15,522	307,818	330,183
2025-01-08	$117.27	$100.00	45.9%	12.8%	74.3%	29.4%	44.8%	1.1%	-1.1%	35.8M	-1.79B	-5.9M	0.25	36.94	18,588	4,720	307,571	337,700
2025-01-10	$114.80	$100.00	46.9%	13.1%	74.7%	32.3%	48.1%	2.5%	1.5%	24.9M	-1.54B	-5.9M	1.01	40.77	15,470	15,654	307,776	339,281
2025-01-13	$114.69	$100.00	47.0%	13.2%	72.8%	32.6%	46.1%	1.9%	-1.0%	23.3M	-1.52B	-5.8M	0.54	39.46	16,619	8,998	291,254	333,867
2025-01-14	$114.47	$100.00	46.3%	13.1%	72.1%	30.5%	46.7%	2.1%	0.0%	23.2M	-1.49B	-5.9M	0.50	39.65	17,758	8,914	297,820	338,981
2025-01-15	$116.19	$105.00	43.2%	12.2%	61.0%	22.1%	43.9%	1.5%	-0.7%	30.7M	-1.64B	-5.8M	0.57	37.17	18,431	10,490	301,439	342,592
2025-01-16	$118.89	$105.00	42.8%	12.1%	59.3%	21.0%	42.7%	2.1%	-0.4%	50.5M	-1.89B	-5.8M	0.25	45.36	44,312	11,017	305,746	345,950
2025-01-17	$124.74	$105.00	44.6%	12.5%	46.1%	26.0%	43.9%	0.2%	-1.3%	95.5M	-2.55B	-5.8M	0.23	43.68	84,945	19,138	321,510	348,497
2025-01-21	$124.19	$105.00	43.6%	12.4%	36.2%	23.1%	43.4%	0.6%	0.3%	41.3M	-1.52B	-5.9M	0.34	31.84	43,329	14,633	232,041	222,139
2025-01-22	$125.31	$110.00	43.9%	12.6%	34.1%	24.0%	44.1%	-0.1%	0.3%	46.6M	-1.62B	-6.1M	0.46	32.46	30,500	14,081	242,422	230,105
2025-01-23	$125.86	$110.00	44.4%	12.7%	33.8%	25.5%	44.5%	0.0%	0.0%	51.5M	-1.71B	-6.1M	0.53	33.84	43,075	22,649	252,571	236,692
2025-01-24	$124.32	$110.00	43.1%	12.3%	33.4%	21.7%	43.0%	0.7%	0.5%	72.5M	-1.61B	-6.5M	0.31	34.97	45,314	13,842	277,162	243,822
2025-01-27	$101.47	$110.00	58.5%	17.3%	80.9%	64.2%	57.5%	5.4%	7.6%	-927.2K	-119.2M	-6.1M	0.42	23.28	132,781	55,164	256,978	239,382
2025-01-28	$103.58	$110.00	51.3%	14.7%	81.0%	44.5%	51.1%	2.8%	8.4%	4.0M	-310.6M	-6.5M	0.47	30.12	79,953	37,430	286,304	261,743
2025-01-29	$106.33	$110.00	54.2%	15.6%	81.3%	52.3%	53.8%	2.4%	9.1%	15.4M	-583.2M	-7.1M	0.58	28.47	41,796	24,352	315,667	281,679
2025-01-30	$109.23	$110.00	52.7%	14.5%	81.9%	48.1%	50.7%	1.7%	7.2%	29.1M	-851.3M	-7.1M	0.56	32.18	43,148	24,321	326,912	288,988
2025-01-31	$113.15	$110.00	56.3%	14.9%	82.8%	58.0%	51.4%	2.6%	9.4%	46.3M	-1.22B	-7.3M	0.32	22.59	73,462	23,329	326,762	290,448