MRVL Options History — December 2025

In December 2025, MRVL traded between $81.73 and $100.13. ATM implied volatility averaged 50.8%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded below realized volatility by 13.1% (HV 20d: 63.9%). Max pain ranged from $80.00 to $82.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.69.

Notable Days

2025-12-03: Highest Volume — 351,901 contracts
2025-12-03: Largest IV drop — 23.2% change
2025-12-02: Highest IV Rank — 57.2%
2025-12-02: Largest Expected Move — 24.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$88.57	$81.73	$100.13	$91.70	$85.22
Max Pain	$80.09	$80.00	$82.00	$80.00	$80.00
ATM IV	50.8%	44.2%	71.4%	69.9%	46.7%
Expected Move	15.1%	12.9%	24.9%	23.0%	13.1%
HV 20d	63.9%	54.2%	70.3%	64.4%	54.2%
HV 60d	54.6%	50.5%	56.9%	50.9%	54.2%
IV Rank	20.4%	6.6%	57.2%	55.0%	7.5%
IV Percentile	28.1%	7.5%	84.5%	81.3%	13.5%
Term Structure	0.2%	-3.4%	3.5%	-3.4%	-0.6%
VWIV	53.3%	45.5%	86.8%	80.2%	47.1%
Skew 25d	0.8%	-4.1%	2.9%	2.9%	0.1%
Skew 10d	-0.2%	-34.1%	16.8%	4.7%	-1.2%
Call IV 25d	50.9%	43.6%	71.1%	68.3%	47.5%
Put IV 25d	51.6%	45.0%	71.2%	71.2%	47.6%
Bid-Ask Spread %	27.98	11.87	48.61	24.18	20.19
Gamma HHI	0.06	0.05	0.18	0.06	0.05
Net GEX	11.9M	-38.9M	53.8M	23.8M	5.6M
Net DEX	-1.17B	-3.11B	-124.6M	-1.86B	-657.0M
Net VEX	-13.2M	-14.2M	-12.4M	-13.9M	-12.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.36	1.22	0.62	0.36
Total Volume	98,559.682	18,874	351,901	126,760	48,336
Total OI	1,264,826.864	1,097,188	1,409,728	1,195,338	1,130,546

Daily Data (22 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
2025-12-01	$91.70	$80.00	69.9%	23.0%	64.4%	55.0%	80.2%	2.9%	-3.4%	23.8M	-1.86B	-13.9M	0.62	24.18	78,317	48,443	538,594	656,744
2025-12-02	$93.15	$80.00	71.4%	24.9%	63.5%	57.2%	86.8%	-2.0%	-1.3%	24.9M	-2.01B	-14.2M	0.79	11.88	144,677	114,078	562,902	675,757
2025-12-03	$100.13	$82.00	54.8%	18.5%	67.6%	31.1%	65.4%	1.4%	0.5%	53.8M	-3.11B	-13.4M	0.61	24.99	219,044	132,857	615,167	747,014
2025-12-04	$97.49	$80.00	51.2%	14.7%	65.1%	25.4%	52.6%	-2.5%	-0.6%	46.3M	-2.65B	-13.6M	0.89	39.21	74,004	65,677	623,267	757,819
2025-12-05	$98.73	$80.00	51.9%	15.3%	65.2%	26.5%	55.0%	-4.1%	0.4%	50.9M	-2.83B	-13.6M	0.57	45.90	91,456	52,291	634,981	774,747
2025-12-08	$92.19	$80.00	57.2%	16.2%	67.2%	34.9%	56.5%	1.1%	-0.4%	14.9M	-1.57B	-13.9M	0.60	48.61	106,376	63,968	552,889	705,647
2025-12-09	$88.30	$80.00	52.3%	15.1%	67.4%	27.1%	53.3%	0.3%	0.6%	6.9M	-1.06B	-13.8M	0.45	33.94	66,310	29,755	582,554	726,771
2025-12-10	$92.05	$80.00	52.9%	14.9%	67.0%	28.0%	52.2%	-0.1%	-1.1%	24.2M	-1.64B	-14.0M	0.48	48.48	52,960	25,259	600,150	738,591
2025-12-11	$88.95	$80.00	49.4%	14.4%	68.2%	18.8%	49.9%	0.9%	0.7%	5.1M	-1.12B	-13.8M	0.80	43.48	53,089	42,247	608,567	748,699
2025-12-12	$84.18	$80.00	48.6%	14.2%	70.3%	17.4%	50.2%	1.6%	1.3%	-38.9M	-177.3M	-13.5M	1.20	29.44	55,342	66,625	625,624	778,230
2025-12-15	$84.38	$80.00	47.0%	13.5%	70.1%	14.8%	48.7%	1.4%	0.1%	-2.2M	-572.9M	-13.2M	0.46	31.70	34,782	16,137	586,424	723,183
2025-12-16	$83.94	$80.00	47.3%	13.6%	69.0%	15.3%	47.9%	1.1%	-0.5%	-3.6M	-474.9M	-13.1M	1.14	32.99	37,672	43,056	597,466	728,771
2025-12-17	$81.73	$80.00	48.4%	13.9%	67.2%	14.4%	49.4%	2.3%	-0.8%	-12.2M	-124.6M	-13.0M	0.45	25.58	38,271	17,285	601,802	751,922
2025-12-18	$84.71	$80.00	47.4%	13.6%	67.4%	12.2%	48.6%	0.7%	1.2%	-909.1K	-613.6M	-13.1M	0.78	24.59	26,894	20,880	609,418	751,429
2025-12-19	$84.41	$80.00	45.7%	13.1%	63.2%	9.3%	47.0%	1.2%	0.1%	-1.5M	-587.4M	-12.9M	0.62	22.67	34,830	21,613	612,387	749,071
2025-12-22	$84.59	$80.00	44.2%	13.1%	63.0%	6.6%	46.0%	2.2%	3.5%	438.5K	-575.7M	-12.6M	0.68	12.98	24,143	16,409	472,400	624,788
2025-12-23	$87.71	$80.00	44.9%	13.3%	59.6%	7.8%	46.9%	0.3%	2.5%	12.5M	-950.7M	-12.8M	0.48	27.46	47,139	22,833	483,857	631,003
2025-12-24	$86.45	$80.00	45.8%	12.9%	59.9%	9.4%	45.5%	1.1%	-0.8%	13.1M	-842.0M	-12.8M	0.53	15.50	12,313	6,561	501,398	643,193
2025-12-26	$86.27	$80.00	45.3%	13.1%	55.8%	8.6%	46.3%	2.0%	1.6%	17.6M	-821.2M	-12.7M	1.22	11.87	17,172	20,997	505,056	644,733
2025-12-29	$85.67	$80.00	47.0%	13.8%	55.8%	11.5%	48.5%	2.0%	0.5%	7.2M	-704.2M	-12.4M	0.68	20.82	21,208	14,461	476,882	629,311
2025-12-30	$86.50	$80.00	47.1%	13.8%	54.5%	9.7%	48.4%	2.4%	2.2%	12.8M	-838.6M	-12.5M	0.67	19.06	25,444	17,102	482,231	634,206
2025-12-31	$85.22	$80.00	46.7%	13.1%	54.2%	7.5%	47.1%	0.1%	-0.6%	5.6M	-657.0M	-12.4M	0.36	20.19	35,601	12,735	488,660	641,886