MRVL Options History — November 2025

In November 2025, MRVL traded between $76.46 and $94.67. ATM implied volatility averaged 76.8%, placing in the 65.8% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded above realized volatility by 22.9% (HV 20d: 53.9%). Max pain ranged from $80.00 to $80.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.69.

Notable Days

2025-11-18: Highest Volume — 133,292 contracts
2025-11-05: Largest IV spike — 11.3% change
2025-11-20: Highest IV Rank — 78.4%
2025-11-20: Largest Expected Move — 24.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$86.57	$76.46	$94.67	$90.34	$88.70
Max Pain	$80.00	$80.00	$80.00	$80.00	$80.00
ATM IV	76.8%	69.2%	84.8%	71.1%	72.4%
Expected Move	21.5%	17.3%	24.6%	17.7%	23.2%
HV 20d	53.9%	45.7%	65.4%	45.7%	65.2%
HV 60d	61.3%	50.4%	66.5%	61.8%	50.7%
IV Rank	65.8%	53.7%	78.4%	56.8%	58.8%
IV Percentile	94.7%	87.3%	98.8%	91.3%	88.5%
Term Structure	-4.0%	-9.2%	-0.2%	-6.1%	-1.4%
VWIV	75.6%	61.0%	86.7%	62.1%	80.4%
Skew 25d	0.2%	-4.9%	6.6%	-0.7%	6.6%
Skew 10d	-1.0%	-21.9%	9.5%	-0.0%	2.4%
Call IV 25d	77.4%	68.2%	86.7%	72.1%	68.2%
Put IV 25d	77.6%	70.4%	87.3%	71.5%	74.8%
Bid-Ask Spread %	22.94	14.41	36.31	18.64	18.56
Gamma HHI	0.06	0.04	0.07	0.07	0.06
Net GEX	16.4M	-19.8M	48.4M	27.2M	23.0M
Net DEX	-1.37B	-2.81B	254.8M	-2.04B	-1.62B
Net VEX	-15.3M	-16.2M	-14.3M	-15.8M	-14.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.36	1.51	0.40	0.50
Total Volume	77,672.947	42,522	133,292	75,366	44,800
Total OI	1,368,059.263	1,208,015	1,446,551	1,348,873	1,271,221

Daily Data (19 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
2025-11-03	$90.34	$80.00	71.1%	17.7%	45.7%	56.8%	62.1%	-0.7%	-6.1%	27.2M	-2.04B	-15.8M	0.40	18.64	53,847	21,519	614,002	734,871
2025-11-04	$88.55	$80.00	69.2%	17.3%	45.9%	53.7%	61.0%	-2.1%	-2.5%	23.9M	-1.76B	-16.0M	0.75	16.63	30,760	23,020	643,786	741,201
2025-11-05	$94.32	$80.00	76.9%	18.0%	47.5%	66.0%	62.1%	-2.8%	-4.7%	45.0M	-2.79B	-15.7M	0.42	17.28	56,362	23,956	651,430	743,308
2025-11-06	$94.67	$80.00	79.0%	21.0%	47.3%	69.4%	73.7%	-4.9%	-4.2%	48.4M	-2.81B	-16.0M	0.38	24.49	69,516	26,199	658,027	750,787
2025-11-07	$89.83	$80.00	78.8%	21.0%	48.6%	68.9%	74.0%	3.5%	-5.0%	26.5M	-1.93B	-16.2M	0.58	19.12	60,849	35,198	667,361	758,448
2025-11-10	$93.45	$80.00	78.2%	21.0%	49.8%	68.1%	74.4%	-1.5%	-4.8%	40.7M	-2.50B	-16.0M	0.39	14.41	33,947	13,234	639,524	728,222
2025-11-11	$89.15	$80.00	75.6%	20.9%	51.6%	64.0%	73.5%	-1.7%	-2.6%	31.8M	-1.82B	-15.8M	0.47	23.21	28,869	13,653	651,241	732,417
2025-11-12	$89.62	$80.00	76.9%	21.0%	50.8%	66.0%	74.2%	-1.1%	-2.1%	34.7M	-1.91B	-15.7M	1.26	22.00	29,758	37,354	659,124	739,528
2025-11-13	$87.28	$80.00	80.1%	22.0%	51.6%	71.1%	76.6%	-2.1%	-3.8%	22.0M	-1.45B	-15.8M	0.91	20.86	41,874	37,951	664,453	736,854
2025-11-14	$85.85	$80.00	79.1%	21.9%	51.9%	69.4%	78.0%	1.5%	-4.4%	11.4M	-1.21B	-15.7M	1.06	25.88	38,979	41,337	672,411	755,490
2025-11-17	$82.88	$80.00	80.0%	22.5%	52.9%	70.9%	78.9%	2.5%	-4.6%	7.4M	-777.5M	-15.0M	1.51	25.48	34,462	52,198	643,295	735,951
2025-11-18	$78.81	$80.00	80.0%	22.7%	55.4%	70.9%	80.3%	1.7%	-5.9%	-7.7M	-127.0M	-14.7M	0.36	27.07	98,239	35,053	653,245	758,433
2025-11-19	$81.30	$80.00	80.8%	23.2%	54.9%	72.2%	81.8%	-0.6%	-9.2%	-5.5M	-493.1M	-14.8M	1.19	36.31	40,900	48,787	645,614	774,225
2025-11-20	$76.46	$80.00	84.8%	24.6%	58.6%	78.4%	86.7%	0.7%	-4.8%	-18.0M	254.8M	-14.3M	0.79	31.37	59,033	46,623	640,920	789,635
2025-11-21	$78.00	$80.00	77.3%	22.6%	58.1%	66.6%	81.5%	2.2%	-3.7%	-19.8M	128.8M	-14.3M	0.62	33.32	61,328	37,823	651,456	795,095
2025-11-24	$83.50	$80.00	74.7%	22.4%	61.7%	62.6%	79.5%	2.3%	-2.8%	-941.5K	-760.3M	-14.7M	0.60	23.77	37,269	22,230	524,572	683,443
2025-11-25	$83.44	$80.00	71.9%	22.6%	61.6%	58.1%	79.3%	-0.6%	-2.6%	2.3M	-777.1M	-14.5M	0.41	21.33	44,688	18,268	543,076	692,162
2025-11-26	$88.60	$80.00	72.1%	22.4%	65.4%	58.4%	78.0%	0.8%	-0.2%	18.2M	-1.60B	-14.4M	0.46	16.06	51,839	24,064	552,909	695,389
2025-11-28	$88.70	$80.00	72.4%	23.2%	65.2%	58.8%	80.4%	6.6%	-1.4%	23.0M	-1.62B	-14.5M	0.50	18.56	29,877	14,923	567,446	703,775