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MRVL

MRVL

$244.25 unadjusted close, 2026-09-18
as of 2026-09-18
AAPLAMDAMZNAVGOCATCRSRCRWDDEDELLDIAGOOGINTCIWMLMTMETAMRVLMSFTMUNVDAORCLPANWPLTRQQQSMHSNDKSOXXSPCXSPYSTXWDCXLEXLFXLIXLKXLPXLUXLVXLYXOM

Implied volatility · 30-day constant maturity

level
65.0%
IV percentile
40.7%
own all (<3y) · n=241
IV rank
32.6%
own all (<1y) · n=241
range
43.0% – 110.5%
own all (<1y) · n=241
low 43.0%241 sessions, all (<1y) · today 65.0%high 110.5%

Term structure · constant maturity

7 consecutive sessions in contango (the normal upward slope).

25 calendar days out: every tenor of 5d or longer spans it Wed 09-23 09:45 ET · US Flash Manufacturing PMI (September) Wed 09-23 09:45 ET · US Flash Services PMI (September)46 calendar days out: every tenor of 6d or longer spans it Thu 09-24 08:00 ET · Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin Thu 09-24 08:30 ET · Weekly Jobless Claims (September) Thu 09-24 10:00 ET · New Home Sales (August) Thu 09-24 11:00 ET · Kansas City Fed Survey (September)27 calendar days out: every tenor of 7d or longer spans it Fri 09-25 08:30 ET · Durable Goods (August) Fri 09-25 10:00 ET · U. Michigan Final Consumer Survey (September)E 12-01 time?Earnings 2026-12-01, time unknown - date stated by the vendor's estimate First session it can move: 2026-12-01, 74 calendar days from the 2026-09-18 curve - every tenor of 74d or longer spans it No expected move served for this date1d5d7d14d30d60d90d180d365d101.4%58.7%
━ 2026-09-18┅ 2026-08-19 (21 sessions earlier)◆ scheduled release, at the first tenor spanning it■ earnings, at the first session it can move (□ no expected move served)tenors in calendar days, log scale
Scheduled after the 2026-09-18 close, from the 2026-09-18 calendar snapshot (forecasts as they stood then). Each is marked with the shortest tenor, in calendar days, that spans it:
  • Wed 09-23 09:45 · 5d US Flash Manufacturing PMI (September) · prev 53.2
  • Wed 09-23 09:45 · 5d US Flash Services PMI (September) · prev 56.8
  • Thu 09-24 08:00 · 6d Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin
  • Thu 09-24 08:30 · 6d Weekly Jobless Claims (September)
  • Thu 09-24 10:00 · 6d New Home Sales (August) · prev 607000
  • Thu 09-24 11:00 · 6d Kansas City Fed Survey (September) · prev 17
  • Fri 09-25 08:30 · 7d Durable Goods (August) · prev 1.1%
  • Fri 09-25 10:00 · 7d U. Michigan Final Consumer Survey (September) · prev 51.7

Earnings: 2026-12-01 time unknown, stated by the vendor's estimate, first moves the 2026-12-01 session (74d on the tenor axis), no expected move served. As the vendor's calendar stood on 2026-09-20, not on the page's date.

90-day IV
66.2%
own all (<3y) 58.7% · n=241
slope, 30d − 90d
-1.2 pts
own all (<3y) 41.3% · n=241
variance risk premium, 30d
+9.5 pts
own all (<3y) 71.4% · n=236

Skew · risk reversal

25-delta
-1.1 pts
own all (<3y) 75.7% · n=35
10-delta
-0.1 pts
own all (<3y) 84.3% · n=35

Skew has been collected since 2026-07-30 only: the vendor serves no earlier history, so each percentile here is taken over all of it - the few weeks of readings there are, which the n beside it counts.

Smile by expiry: the 8 expiries within 120 DTE carrying the most open interest · book as of 2026-09-17

1d2026-09-18 · short
2026-09-18: 2 put and 2 call strikes within ±2.3%, IV 64% to 68%69%61%−2.3%book spot+2.3%
8d2026-09-25
2026-09-25: 6 put and 6 call strikes within ±6.5%, IV 61% to 63%69%61%−6.5%book spot+6.5%
15d2026-10-02
2026-10-02: 9 put and 8 call strikes within ±8.8%, IV 62% to 63%69%61%−8.8%book spot+8.8%
22d2026-10-09
2026-10-09: 6 put and 5 call strikes within ±11%, IV 67% to 68%69%61%−11%book spot+11%
29d2026-10-16
2026-10-16: 3 put and 3 call strikes within ±12%, IV 65% to 67%69%61%−12%book spot+12%
64d2026-11-20
2026-11-20: 5 put and 4 call strikes within ±18%, IV 64% to 66%69%61%−18%book spot+18%
92d2026-12-18
2026-12-18: 7 put and 5 call strikes within ±22%, IV 66% to 68%69%61%−22%book spot+22%
120d2027-01-15
2027-01-15: 8 put and 6 call strikes within ±25%, IV 64% to 67%69%61%−25%book spot+25%
IV against strike, out-of-the-money side. Each window widens with √DTE, to ±25% at the longest expiry, so every panel shows a comparable slice of its smile; all share one IV scale (61%–69%), set by the expiries past 7 DTE.

Expiry window · 35–65 DTE

Next earnings: 2026-12-01 time unknown, stated by the vendor's estimate, first moves the 2026-12-01 session, no expected move served. As the vendor's calendar stood on 2026-09-20, not on the page's date.

expiryDTE28-DTE exitthesisearnings 12-01 time?
the vendor's estimate
ATM IV · 09-17expected move
2026-10-23 Friweekly352026-09-257dclear · 39d64.4% p 240—
2026-10-30 Friweekly422026-10-0214dclear · 32d64.7% p 240—
2026-11-20 Fri632026-10-2335dclear · 11d64.5% p 240—

DTE counts calendar days from 2026-09-18, the page's date and the earliest an entry could be made - not from the 2026-09-17 book the expiries and IVs come from, which would overstate it by 1 day; an expiry first listed after 2026-09-17 is not in the book and not here. A premarket report moves its own session and a postmarket one the next; one with no stated time is placed at the earlier of the two - or at the later, once the earlier is already in the 2026-09-18 close - so an expiry can be called spanning when it might not be, never the reverse. "spans +N": the expiry settles N calendar days after that session, and the line under it says whether the 28-DTE exit comes before it ("inside the exit": that date is already behind 2026-09-18, so it protects nothing); "clear N": it settles N days before it. Thesis = DTE − 28 (the hard exit is 21), cut to the last session before a report that comes first. Every expiry in the band is listed, and one that is not a third Friday is marked weekly — §1 of the trading rules admits no weeklies and no 0DTE, so those rows are context, not candidates; the mark is the calendar test on the date alone, and a monthly pulled back to a Thursday by a holiday carries it too. ATM IV is the vendor's at the 2026-09-17 close, on the out-of-the-money side of the listed strike nearest book spot: a display selection, not a statistic, read at that one strike, so "no IV at X" is about X and not about its neighbours. The expected move is the vendor's, for the report the expiry spans. Every row links to that expiry on the strike axis below.

Chain · one strike axis

Book as of 2026-09-17: 1 session behind 2026-09-18: no MRVL chain statistics (net_gex) dated after 2026-09-17 are knowable as of 2026-09-18, and no ticker has newer ones. The strikes drawn below are 2026-09-17's rows as stored now; the levels and statistics are the readings dated 2026-09-17, computed from those rows when the readings were derived, and a fetch of 2026-09-17 after that can revise rows. Open interest is what entered 2026-09-17 (OCC's settlement of 2026-09-16), valued at the 2026-09-17 close.

net GEX · carried book
+$114.0m per 1%
own all (<3y) 97.7% · n=64
gamma flip
$222.07
flip within ±25% of book spot
flip distance
-1.37 ATR
own all (<3y) 20.2% · n=62
0DTE share of volume
not listed daily

book spot $240.76 (unadjusted close, 2026-09-17) · call wall $250.00 (+3.84% from book spot) · put wall $240.00 (-0.32% from book spot) · max pain $230.00 (-4.47% from book spot, 2026-10-16 monthly)

Each level is stored as a distance from the book's own spot, so each is drawn at $240.76 × (1 + that distance) - the 2026-09-17 unadjusted close, the price the chain was taken at. That is why two prices appear on this page. MRVL headlines $244.25, its newest unadjusted close, on 2026-09-18; the book was taken at $240.76 on 2026-09-17, because the book trails the page by the one session counted above. Both are closes, both are dated, and neither is adjusted. Recomputing a wall on the newer close would put it at a level this book never had, so none of these is: they are the 2026-09-17 book's levels, on the 2026-09-17 close.

Dashed: 7 DTE or less, where the vendor's gamma is noisy. "mp": the monthly max pain describes.

Tradability of the 2026-10-16 expiry: 28 calendar days from 2026-09-18 (29 from the book date), outside the owner's 35–65 DTE entry window. Spreads are the NBBO stored with the 2026-09-17 chain snapshot - not a live quote, and not DESIGN J's quote at a trade (per-trade quotes are not collected) - as a percent of mid; a zero or missing bid, or a crossed quote, is drawn as × for no two-sided quote. The owner's floors are marked and filter nothing: spread 10% of mid, OI 500, and the strike nearest 0.20 delta on each side - call 290 (Δ 0.19), put 210 (Δ -0.20).

call put OI carried through 2026-09-16 · opened by 2026-09-16's trading · closed by it / net GEX long / short gamma book spot call wall put wall max pain gamma flipfloors, marked not filtered: spread 10% of mid · OI 500 · strike nearest 0.20 delta, beside the spread panel · no two-sided quote · spread past 25%
OI changes are 2026-09-16's trading; volume is 2026-09-17's.◀ put OIcall OI ▶entering 2026-09-17◀ put volcall vol ▶traded 2026-09-17◀ putcall ▶spread, % of mid− net GEX+$ per 1% move300290280270260250240230220210200195190185put strike nearest 0.20 delta: 210call strike nearest 0.20 delta: 29018k018k5.1k5.1k25%10%10%25%-$6.5m+$6.5mcall wall 250book spot 240.76put wall 240max pain 230γ flip 222.07strike 300 calls: OI 17,776 (+776) · vol 1,513 (at ask 839, at bid 520, sweep 2, multi-leg 471) · NBBO 3.30 × 3.45, spread 4.4% of mid · Δ 0.15 puts: OI 1,106 (+0) · vol 3 (at ask 2, at bid 1) · NBBO 61.50 × 62.20, spread 1.1% of mid · Δ -0.88 net GEX +$4.8m per 1% (calls +$5.1m, puts -$307k)strike 290 calls: OI 7,873 (+136) · vol 277 (at ask 183, at bid 82, sweep 4, multi-leg 45) · NBBO 4.45 × 4.75, spread 6.5% of mid · Δ 0.19 puts: OI 493 (+0) · vol 17 (at ask 1, at bid 16, multi-leg 1) · NBBO 52.65 × 53.40, spread 1.4% of mid · Δ -0.83 net GEX +$2.5m per 1% (calls +$2.7m, puts -$169k)strike 280 calls: OI 11,824 (+14) · vol 757 (at ask 446, at bid 288, sweep 30, multi-leg 160) · NBBO 5.95 × 6.20, spread 4.1% of mid · Δ 0.24 puts: OI 542 (-31) · vol 4 (at ask 2, at bid 2, multi-leg 3) · NBBO 44.20 × 44.90, spread 1.6% of mid · Δ -0.77 net GEX +$4.4m per 1% (calls +$4.7m, puts -$218k)strike 270 calls: OI 4,071 (+77) · vol 1,633 (at ask 584, at bid 946, sweep 18, multi-leg 972) · NBBO 8.00 × 8.25, spread 3.1% of mid · Δ 0.31 puts: OI 516 (+16) · vol 15 (at ask 5, at bid 10, sweep 1, multi-leg 6) · NBBO 36.25 × 36.90, spread 1.8% of mid · Δ -0.71 net GEX +$1.6m per 1% (calls +$1.8m, puts -$237k)strike 260 calls: OI 8,737 (+230) · vol 948 (at ask 341, at bid 542, sweep 35, multi-leg 145) · NBBO 10.75 × 10.90, spread 1.4% of mid · Δ 0.38 puts: OI 1,628 (-16) · vol 76 (at ask 33, at bid 40, sweep 3, multi-leg 24) · NBBO 28.95 × 30.45, spread 5.1% of mid · Δ -0.63 net GEX +$3.4m per 1% (calls +$4.2m, puts -$822k)strike 250 calls: OI 15,626 (+287) · vol 3,790 (at ask 1,866, at bid 1,813, sweep 100, multi-leg 189) · NBBO 14.05 × 14.40, spread 2.5% of mid · Δ 0.46 puts: OI 2,541 (+15) · vol 419 (at ask 171, at bid 236, sweep 29, multi-leg 39) · NBBO 22.40 × 22.90, spread 2.2% of mid · Δ -0.55 net GEX +$6.5m per 1% (calls +$7.9m, puts -$1.4m)strike 240 calls: OI 4,317 (-42) · vol 661 (at ask 349, at bid 283, sweep 23, multi-leg 286) · NBBO 18.30 × 18.70, spread 2.2% of mid · Δ 0.54 puts: OI 3,514 (-33) · vol 632 (at ask 467, at bid 150, sweep 44, multi-leg 138) · NBBO 16.75 × 17.15, spread 2.4% of mid · Δ -0.46 net GEX +$302k per 1% (calls +$2.2m, puts -$1.9m)strike 230 calls: OI 3,558 (-20) · vol 428 (at ask 282, at bid 144, sweep 7, multi-leg 209) · NBBO 23.45 × 23.90, spread 1.9% of mid · Δ 0.63 puts: OI 2,832 (+142) · vol 217 (at ask 95, at bid 107, sweep 29, multi-leg 41) · NBBO 12.00 × 12.35, spread 2.9% of mid · Δ -0.36 net GEX +$273k per 1% (calls +$1.7m, puts -$1.4m)strike 220 calls: OI 3,298 (-24) · vol 709 (at ask 257, at bid 423, sweep 1, multi-leg 179) · NBBO 29.60 × 30.15, spread 1.8% of mid · Δ 0.71 puts: OI 3,609 (-9) · vol 711 (at ask 429, at bid 227, sweep 11, multi-leg 306) · NBBO 8.20 × 8.55, spread 4.2% of mid · Δ -0.28 net GEX -$205k per 1% (calls +$1.4m, puts -$1.6m)strike 210 calls: OI 1,569 (-13) · vol 64 (at ask 31, at bid 27, sweep 6, multi-leg 17) · NBBO 36.70 × 37.20, spread 1.4% of mid · Δ 0.79 puts: OI 4,243 (-38) · vol 900 (at ask 422, at bid 415, sweep 5, multi-leg 290) · NBBO 5.45 × 5.65, spread 3.6% of mid · Δ -0.20 net GEX -$997k per 1% (calls +$563k, puts -$1.6m)strike 200 calls: OI 1,694 (+9) · vol 145 (at ask 13, at bid 131, sweep 1, multi-leg 120) · NBBO 44.65 × 45.15, spread 1.1% of mid · Δ 0.85 puts: OI 7,774 (-4) · vol 1,138 (at ask 582, at bid 439, sweep 7, multi-leg 266) · NBBO 3.45 × 3.55, spread 2.9% of mid · Δ -0.14 net GEX -$1.7m per 1% (calls +$480k, puts -$2.2m)strike 195 calls: OI 145 (+1) · vol 2 (at ask 0, at bid 2, multi-leg 2) · NBBO 47.85 × 49.45, spread 3.3% of mid · Δ 0.87 puts: OI 4,018 (-71) · vol 263 (at ask 105, at bid 122, sweep 10, multi-leg 122) · NBBO 2.72 × 2.82, spread 3.6% of mid · Δ -0.11 net GEX -$946k per 1% (calls +$36k, puts -$981k)strike 190 calls: OI 335 (+0) · vol 4 (at ask 1, at bid 3) · NBBO 53.25 × 53.80, spread 1.0% of mid · Δ 0.89 puts: OI 4,344 (-22) · vol 5,139 (at ask 989, at bid 3,893, sweep 23, multi-leg 127) · NBBO 2.09 × 2.20, spread 5.1% of mid · Δ -0.09 net GEX -$823k per 1% (calls +$72k, puts -$895k)strike 185 calls: OI 247 (+3) · vol 17 (at ask 1, at bid 16, multi-leg 2) · NBBO 57.75 × 58.30, spread 0.9% of mid · Δ 0.91 puts: OI 3,596 (+6) · vol 194 (at ask 72, at bid 114, sweep 3, multi-leg 58) · NBBO 1.55 × 1.72, spread 10.4% of mid · Δ -0.07 net GEX -$568k per 1% (calls +$45k, puts -$613k)

2026-10-16 expiry, 14 strikes within ±25% of book spot (the flip search band); 37 hidden (17 above, 20 below), 37 of them with open interest. One row per listed strike: rows are evenly spaced, prices are not. Net GEX is this expiry's alone (+$16.1m per 1% in all); the walls, flip and headline sum every carried expiry. Volume is 2026-09-17's own - whether it opened positions shows in the 2026-09-18 book's change.

Table view · 14 strikes
putsstrikecallsGEX, $ per 1%
ΔOIOImulti-legsweep@bid@askvolΔspraskbidbidasksprΔvol@ask@bidsweepmulti-legOIΔOIputcallnet
+01,10600123-0.881.1%62.2061.503003.303.454.4%0.151,513839520247117,776+776-$307k+$5.1m+$4.8m
+04931016117-0.831.4%53.4052.652904.454.756.5%0.19277183824457,873+136-$169k+$2.7m+$2.5m
-3154230224-0.771.6%44.9044.202805.956.204.1%0.247574462883016011,824+14-$218k+$4.7m+$4.4m
+165166110515-0.711.8%36.9036.252708.008.253.1%0.311,633584946189724,071+77-$237k+$1.8m+$1.6m
-161,628243403376-0.635.1%30.4528.9526010.7510.901.4%0.38948341542351458,737+230-$822k+$4.2m+$3.4m
+152,5413929236171419-0.552.2%22.9022.4025014.0514.402.5%0.463,7901,8661,81310018915,626+287-$1.4m+$7.9m+$6.5m
-333,51413844150467632-0.462.4%17.1516.7524018.3018.702.2%0.54661349283232864,317-42-$1.9m+$2.2m+$302k
+1422,832412910795217-0.362.9%12.3512.0023023.4523.901.9%0.6342828214472093,558-20-$1.4m+$1.7m+$273k
-93,60930611227429711-0.284.2%8.558.2022029.6030.151.8%0.7170925742311793,298-24-$1.6m+$1.4m-$205k
-384,2432905415422900-0.203.6%5.655.4521036.7037.201.4%0.796431276171,569-13-$1.6m+$563k-$997k
-47,77426674395821,138-0.142.9%3.553.4520044.6545.151.1%0.851451313111201,694+9-$2.2m+$480k-$1.7m
-714,01812210122105263-0.113.6%2.822.7219547.8549.453.3%0.8720202145+1-$981k+$36k-$946k
-224,344127233,8939895,139-0.095.1%2.202.0919053.2553.801.0%0.8941300335+0-$895k+$72k-$823k
+63,59658311472194-0.0710.4%1.721.5518557.7558.300.9%0.911711602247+3-$613k+$45k-$568k