MRVL Options History — September 2025

In September 2025, MRVL traded between $62.01 and $84.37. ATM implied volatility averaged 47.5%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded below realized volatility by 35.7% (HV 20d: 83.2%). Max pain ranged from $67.50 to $70.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.54.

Notable Days

2025-09-24: Highest Volume — 368,113 contracts
2025-09-25: Largest IV spike — 10.8% change
2025-09-25: Highest IV Rank — 32.5%
2025-09-25: Largest Expected Move — 16.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.83	$62.01	$84.37	$64.18	$83.24
Max Pain	$69.83	$67.50	$70.00	$69.00	$70.00
ATM IV	47.5%	42.5%	55.7%	45.2%	50.9%
Expected Move	13.7%	12.2%	16.1%	13.2%	14.6%
HV 20d	83.2%	43.0%	92.6%	84.6%	43.1%
HV 60d	62.3%	59.5%	64.3%	63.8%	61.3%
IV Rank	19.5%	11.6%	32.5%	15.9%	24.8%
IV Percentile	29.5%	6.7%	59.1%	19.4%	44.4%
Term Structure	0.0%	-1.6%	1.3%	-0.5%	0.2%
VWIV	48.9%	43.3%	57.4%	47.2%	51.9%
Skew 25d	-0.8%	-2.9%	1.6%	1.6%	-2.1%
Skew 10d	-0.8%	-5.1%	4.6%	3.5%	-1.8%
Call IV 25d	48.7%	41.9%	57.2%	45.5%	53.2%
Put IV 25d	48.0%	42.5%	55.5%	47.0%	51.1%
Bid-Ask Spread %	15.22	7.65	31.34	8.55	16.15
Gamma HHI	0.08	0.06	0.13	0.10	0.08
Net GEX	10.1M	-24.2M	52.9M	-19.3M	42.0M
Net DEX	-594.5M	-2.53B	994.6M	720.7M	-1.99B
Net VEX	-13.9M	-15.7M	-11.7M	-11.7M	-15.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.26	0.86	0.77	0.42
Total Volume	135,508.714	58,559	368,113	228,568	58,559
Total OI	1,453,602.714	1,251,292	1,622,872	1,358,349	1,393,934

Daily Data (21 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
2025-09-02	$64.18	$69.00	45.2%	13.2%	84.6%	15.9%	47.2%	1.6%	-0.5%	-19.3M	720.7M	-11.7M	0.77	8.55	129,024	99,544	620,524	737,825
2025-09-03	$62.01	$67.50	44.1%	12.8%	84.9%	14.1%	45.7%	1.3%	-0.0%	-24.2M	994.6M	-12.1M	0.61	8.23	86,421	52,483	671,980	784,021
2025-09-04	$63.98	$70.00	42.5%	12.2%	86.1%	11.6%	43.5%	0.3%	-0.2%	-9.2M	607.6M	-12.8M	0.68	20.25	85,475	58,188	697,700	806,500
2025-09-05	$63.36	$70.00	42.5%	12.2%	86.0%	11.6%	43.5%	0.5%	-0.6%	-20.5M	742.1M	-12.8M	0.58	11.63	68,608	39,998	710,246	815,026
2025-09-08	$65.95	$70.00	42.8%	12.4%	87.2%	12.1%	43.4%	-0.5%	0.4%	-8.3M	268.0M	-13.1M	0.26	15.38	95,395	25,107	650,707	796,982
2025-09-09	$66.67	$70.00	42.7%	12.4%	87.4%	11.9%	43.3%	0.9%	0.3%	-1.1M	107.2M	-13.3M	0.63	31.34	55,282	34,623	671,767	806,900
2025-09-10	$67.00	$70.00	43.4%	12.8%	87.4%	13.0%	45.1%	0.8%	1.3%	-492.1K	52.8M	-13.4M	0.43	20.70	57,522	24,865	676,897	817,907
2025-09-11	$66.88	$70.00	42.5%	12.4%	86.8%	11.6%	44.1%	-0.1%	1.3%	-286.2K	102.8M	-13.3M	0.64	14.28	43,800	27,866	683,194	829,511
2025-09-12	$67.44	$70.00	42.9%	12.5%	86.9%	12.3%	44.2%	-1.0%	0.8%	2.6M	-40.1M	-13.5M	0.86	7.65	52,793	45,446	691,355	834,424
2025-09-15	$67.16	$70.00	45.0%	13.0%	86.3%	15.6%	46.5%	-0.9%	0.3%	-8.2M	82.0M	-13.4M	0.85	18.99	34,823	29,689	658,358	834,093
2025-09-16	$69.03	$70.00	47.3%	13.6%	87.2%	19.2%	47.6%	-0.7%	-0.5%	-574.6K	-236.9M	-13.6M	0.44	20.25	58,556	25,614	665,847	847,616
2025-09-17	$71.31	$70.00	49.1%	14.1%	86.2%	22.0%	50.2%	-0.8%	-0.5%	9.2M	-685.6M	-13.9M	0.35	14.03	115,070	40,554	682,379	850,467
2025-09-18	$74.63	$70.00	53.7%	15.5%	87.2%	29.3%	55.1%	0.9%	-1.6%	21.9M	-1.26B	-14.4M	0.34	13.72	170,848	58,202	703,980	859,477
2025-09-19	$74.06	$70.00	51.2%	14.7%	87.3%	25.3%	52.7%	-1.9%	-0.6%	15.9M	-1.21B	-14.6M	0.66	18.31	71,488	47,272	753,509	869,363
2025-09-22	$75.83	$70.00	52.2%	15.3%	87.0%	27.0%	54.4%	-2.9%	-0.6%	21.2M	-1.10B	-14.4M	0.63	10.52	56,598	35,473	554,501	696,791
2025-09-23	$74.48	$70.00	53.4%	15.6%	87.2%	28.8%	56.4%	-2.9%	-0.7%	18.4M	-900.3M	-14.5M	0.54	10.14	54,499	29,395	570,361	713,803
2025-09-24	$80.50	$70.00	50.3%	14.6%	91.3%	23.9%	51.8%	-2.8%	0.3%	38.6M	-1.86B	-14.4M	0.49	10.85	247,106	121,007	583,463	727,678
2025-09-25	$84.37	$70.00	55.7%	16.1%	92.6%	32.5%	57.4%	-2.5%	0.1%	44.2M	-2.53B	-15.4M	0.39	15.04	218,183	84,315	641,896	772,522
2025-09-26	$83.53	$70.00	50.2%	14.4%	91.7%	23.7%	51.5%	-2.1%	0.9%	52.9M	-2.42B	-15.7M	0.43	19.94	84,131	36,304	672,574	800,899
2025-09-29	$82.83	$70.00	50.2%	14.3%	43.0%	23.8%	52.0%	-1.3%	0.2%	38.5M	-1.94B	-15.5M	0.29	13.66	66,517	19,040	620,883	747,797
2025-09-30	$83.24	$70.00	50.9%	14.6%	43.1%	24.8%	51.9%	-2.1%	0.2%	42.0M	-1.99B	-15.4M	0.42	16.15	41,192	17,367	637,327	756,607