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MRVL

MRVL

$257.38 unadjusted close, 2026-09-21
as of 2026-09-21
AAPLAMDAMZNAVGOCATCRSRCRWDDEDELLDIAGOOGINTCIWMLMTMETAMRVLMSFTMUNVDAORCLPANWPLTRQQQSMHSNDKSOXXSPCXSPYSTXWDCXLEXLFXLIXLKXLPXLUXLVXLYXOM

Implied volatility · 30-day constant maturity

level
68.8%
IV percentile
48.1%
own all (<3y) · n=242
IV rank
38.2%
own all (<1y) · n=242
range
43.0% – 110.5%
own all (<1y) · n=242
low 43.0%242 sessions, all (<1y) · today 68.8%high 110.5%

Term structure · constant maturity

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

1 calendar day out: every tenor of 1d or longer spans it Tue 09-22 13:00 ET · Federal Reserve Bank of Richmond President Thomas Barkin speaks to the CFA Society Baltimore22 calendar days out: every tenor of 2d or longer spans it Wed 09-23 09:45 ET · US Flash Services PMI (September) Wed 09-23 09:45 ET · US Flash Manufacturing PMI (September)43 calendar days out: every tenor of 3d or longer spans it Thu 09-24 08:30 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)24 calendar days out: every tenor of 4d 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, 71 calendar days from the 2026-09-21 curve - every tenor of 71d or longer spans it No expected move served for this date1d5d7d14d30d60d90d180d365d105.5%67.8%
━ 2026-09-21┅ 2026-08-20 (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 2026-09-21 close, from the 2026-09-21 calendar snapshot (forecasts as they stood then). Each is marked with the shortest tenor, in calendar days, that spans it:
  • Tue 09-22 13:00 · 1d Federal Reserve Bank of Richmond President Thomas Barkin speaks to the CFA Society Baltimore
  • Wed 09-23 09:45 · 2d US Flash Services PMI (September) · f 55.9 · prev 56.8
  • Wed 09-23 09:45 · 2d US Flash Manufacturing PMI (September) · f 53.5 · prev 53.2
  • Thu 09-24 08:30 · 3d Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin
  • Thu 09-24 08:30 · 3d Weekly Jobless Claims (September) · f 204000 · prev 196000
  • Thu 09-24 10:00 · 3d New Home Sales (August) · f 620000 · prev 607000
  • Thu 09-24 11:00 · 3d Kansas City Fed Survey (September) · prev 17
  • Fri 09-25 08:30 · 4d Durable Goods (August) · f -0.3% · prev 1.1%
  • Fri 09-25 10:00 · 4d U. Michigan Final Consumer Survey (September) · f 47.1 · prev 51.7

Earnings: 2026-12-01 time unknown, stated by the vendor's estimate, first moves the 2026-12-01 session (71d on the tenor axis), no expected move served. As the vendor's calendar stood on 2026-09-21.

90-day IV
69.2%
own all (<3y) 62.6% · n=242
slope, 30d − 90d
-0.4 pts
own all (<3y) 47.7% · n=242
variance risk premium, 30d
+6.4 pts
own all (<3y) 61.0% · n=237

Skew · risk reversal

25-delta4d old
-1.1 pts
own all (<3y) 75.7% · n=35
10-delta4d old
-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 2026-09-18

7d2026-09-25 · short
2026-09-25: 6 put and 6 call strikes within ±6.1%, IV 58% to 63%69%58%−6.1%book spot+6.1%
14d2026-10-02
2026-10-02: 8 put and 9 call strikes within ±8.6%, IV 59% to 63%69%58%−8.6%book spot+8.6%
21d2026-10-09
2026-10-09: 5 put and 5 call strikes within ±11%, IV 66% to 68%69%58%−11%book spot+11%
28d2026-10-16
2026-10-16: 3 put and 3 call strikes within ±12%, IV 65% to 66%69%58%−12%book spot+12%
35d2026-10-23
2026-10-23: 6 put and 7 call strikes within ±14%, IV 63% to 66%69%58%−14%book spot+14%
63d2026-11-20
2026-11-20: 5 put and 4 call strikes within ±18%, IV 64% to 66%69%58%−18%book spot+18%
91d2026-12-18
2026-12-18: 6 put and 5 call strikes within ±22%, IV 66% to 68%69%58%−22%book spot+22%
119d2027-01-15
2027-01-15: 8 put and 6 call strikes within ±25%, IV 64% to 67%69%58%−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 (58%–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 2026-09-21.

expiryDTE28-DTE exitthesisearnings 12-01 time?
the vendor's estimate
ATM IV · 09-18expected move
2026-10-30 Friweekly392026-10-0211dclear · 32d64.8% c 245—
2026-11-20 Fri602026-10-2332dclear · 11d64.5% p 240—

DTE counts calendar days from 2026-09-21, the page's date and the earliest an entry could be made - not from the 2026-09-18 book the expiries and IVs come from, which would overstate it by 3 days; an expiry first listed after 2026-09-18 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 2026-09-21 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 2026-09-21, 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 2026-09-18 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 2026-09-18: 1 session behind 2026-09-21: no MRVL chain statistics (net_gex) dated after 2026-09-18 are knowable as of 2026-09-21, and no ticker has newer ones. The strikes drawn below are 2026-09-18's rows as stored now; the levels and statistics are the readings dated 2026-09-18, computed from those rows when the readings were derived, and a fetch of 2026-09-18 after that can revise rows. Open interest is what entered 2026-09-18 (OCC's settlement of 2026-09-17), valued at the 2026-09-18 close.

net GEX · carried book
+$51.9m per 1%
own all (<3y) 76.2% · n=65
gamma flip
$222.08
flip within ±25% of book spot
flip distance
-1.80 ATR
own all (<3y) 15.1% · n=63
0DTE share of volume
not listed daily

book spot $244.25 (unadjusted close, 2026-09-18) · call wall $250.00 (+2.35% from book spot) · put wall $200.00 (-18.12% from book spot) · max pain $230.00 (-5.83% 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 $244.25 × (1 + that distance) - the 2026-09-18 unadjusted close, the price the chain was taken at. That is why two prices appear on this page. MRVL headlines $257.38, its newest unadjusted close, on 2026-09-21; the book was taken at $244.25 on 2026-09-18, 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 2026-09-18 book's levels, on the 2026-09-18 close.

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

Tradability of the 2026-12-18 expiry: 88 calendar days from 2026-09-21 (91 from the book date), outside the owner's 35–65 DTE entry window. Spreads are the NBBO stored with the 2026-09-18 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 350 (Δ 0.20), put 195 (Δ -0.20); the call one lies outside the strikes drawn.

call put OI carried through 2026-09-17 · opened by 2026-09-17'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 2026-09-17's trading; volume is 2026-09-18's.◀ put OIcall OI ▶entering 2026-09-18◀ put volcall vol ▶traded 2026-09-18◀ putcall ▶spread, % of mid− net GEX+$ per 1% move300290280270260250240230220210200195190185put strike nearest 0.20 delta: 19511k011k72872825%10%10%25%-$2.1m+$2.1mcall wall 250book spot 244.25γ flip 222.08put wall 200strike 300 calls: OI 3,850 (-116) · vol 728 (at ask 486, at bid 202, multi-leg 291) · NBBO 15.50 × 16.55, spread 6.6% of mid · Δ 0.33 puts: OI 1,872 (+0) · vol 1 (at ask 1, at bid 0) · NBBO 67.85 × 71.10, spread 4.7% of mid · Δ -0.68 net GEX +$496k per 1% (calls +$996k, puts -$501k)strike 290 calls: OI 1,277 (-143) · vol 7 (at ask 3, at bid 4, multi-leg 6) · NBBO 17.25 × 18.80, spread 8.6% of mid · Δ 0.37 puts: OI 655 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 60.50 × 63.40, spread 4.7% of mid · Δ -0.64 net GEX +$161k per 1% (calls +$344k, puts -$183k)strike 280 calls: OI 2,489 (+17) · vol 29 (at ask 11, at bid 18, sweep 1, multi-leg 4) · NBBO 19.80 × 21.50, spread 8.2% of mid · Δ 0.41 puts: OI 703 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 53.30 × 56.05, spread 5.0% of mid · Δ -0.60 net GEX +$489k per 1% (calls +$692k, puts -$204k)strike 270 calls: OI 3,339 (-22) · vol 40 (at ask 15, at bid 25) · NBBO 22.75 × 24.25, spread 6.4% of mid · Δ 0.45 puts: OI 382 (+2) · vol 1 (at ask 0, at bid 1) · NBBO 46.40 × 49.05, spread 5.6% of mid · Δ -0.56 net GEX +$840k per 1% (calls +$953k, puts -$113k)strike 260 calls: OI 1,494 (+3) · vol 48 (at ask 3, at bid 45, multi-leg 17) · NBBO 26.10 × 28.00, spread 7.0% of mid · Δ 0.49 puts: OI 794 (+10) · vol 34 (at ask 19, at bid 14, multi-leg 21) · NBBO 39.80 × 42.45, spread 6.4% of mid · Δ -0.51 net GEX +$196k per 1% (calls +$432k, puts -$236k)strike 250 calls: OI 4,289 (+41) · vol 128 (at ask 65, at bid 54, multi-leg 54) · NBBO 29.90 × 32.40, spread 8.0% of mid · Δ 0.54 puts: OI 2,300 (-1) · vol 51 (at ask 21, at bid 28, sweep 2) · NBBO 33.20 × 36.40, spread 9.2% of mid · Δ -0.46 net GEX +$550k per 1% (calls +$1.2m, puts -$682k)strike 240 calls: OI 2,789 (-18) · vol 65 (at ask 22, at bid 43, multi-leg 18) · NBBO 34.15 × 35.90, spread 5.0% of mid · Δ 0.59 puts: OI 1,859 (-37) · vol 15 (at ask 2, at bid 13, sweep 2, multi-leg 6) · NBBO 27.70 × 30.60, spread 9.9% of mid · Δ -0.41 net GEX +$236k per 1% (calls +$778k, puts -$541k)strike 230 calls: OI 1,610 (+5) · vol 101 (at ask 28, at bid 73, sweep 2, multi-leg 42) · NBBO 39.15 × 40.70, spread 3.9% of mid · Δ 0.63 puts: OI 2,865 (-9) · vol 66 (at ask 54, at bid 12, sweep 1, multi-leg 43) · NBBO 23.10 × 25.30, spread 9.1% of mid · Δ -0.36 net GEX -$375k per 1% (calls +$430k, puts -$805k)strike 220 calls: OI 2,963 (-40) · vol 22 (at ask 19, at bid 3, multi-leg 1) · NBBO 44.10 × 46.30, spread 4.9% of mid · Δ 0.68 puts: OI 3,245 (+14) · vol 230 (at ask 31, at bid 139, multi-leg 77) · NBBO 18.60 × 20.60, spread 10.2% of mid · Δ -0.32 net GEX -$113k per 1% (calls +$748k, puts -$861k)strike 210 calls: OI 687 (+1) · vol 5 (at ask 0, at bid 5, multi-leg 5) · NBBO 50.00 × 52.25, spread 4.4% of mid · Δ 0.73 puts: OI 2,760 (+49) · vol 316 (at ask 121, at bid 156, sweep 4, multi-leg 1) · NBBO 14.40 × 15.60, spread 8.0% of mid · Δ -0.27 net GEX -$522k per 1% (calls +$162k, puts -$684k)strike 200 calls: OI 1,182 (-2) · vol 33 (at ask 16, at bid 17, multi-leg 27) · NBBO 56.50 × 58.80, spread 4.0% of mid · Δ 0.78 puts: OI 10,733 (+14) · vol 49 (at ask 16, at bid 30, sweep 1, multi-leg 20) · NBBO 11.30 × 11.85, spread 4.8% of mid · Δ -0.22 net GEX -$2.1m per 1% (calls +$255k, puts -$2.4m)strike 195 calls: OI 617 (+7) · vol 5 (at ask 5, at bid 0, multi-leg 5) · NBBO 59.90 × 62.15, spread 3.7% of mid · Δ 0.80 puts: OI 845 (+25) · vol 23 (at ask 20, at bid 3, multi-leg 5) · NBBO 9.65 × 10.65, spread 9.9% of mid · Δ -0.20 net GEX -$52k per 1% (calls +$125k, puts -$177k)strike 190 calls: OI 1,902 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 63.50 × 65.75, spread 3.5% of mid · Δ 0.82 puts: OI 4,262 (+1,342) · vol 43 (at ask 27, at bid 8, multi-leg 10) · NBBO 8.60 × 8.95, spread 4.0% of mid · Δ -0.17 net GEX -$470k per 1% (calls +$359k, puts -$829k)strike 185 calls: OI 612 (+2) · vol 0 (at ask 0, at bid 0) · NBBO 67.25 × 69.65, spread 3.5% of mid · Δ 0.83 puts: OI 1,367 (-44) · vol 167 (at ask 8, at bid 2) · NBBO 6.80 × 8.00, spread 16.2% of mid · Δ -0.16 net GEX -$138k per 1% (calls +$107k, puts -$245k)

2026-12-18 expiry, 14 strikes within ±25% of book spot (the flip search band); 61 hidden (18 above, 43 below), 61 of them with open interest. One row per listed strike: rows are evenly spaced, prices are not. Net GEX is this expiry's alone (+$1.0m per 1% in all); the walls, flip and headline sum every carried expiry. Volume is 2026-09-18's own - whether it opened positions shows in the 2026-09-21 book's change.

max pain $230.00 belongs to the 2026-10-16 monthly (28 days from 2026-09-18, as max_pain_expiry_dte stores it: the nearest monthly at least 7 days out), not to this expiry.

Table view · 14 strikes
putsstrikecallsGEX, $ per 1%
ΔOIOImulti-legsweep@bid@askvolΔspraskbidbidasksprΔvol@ask@bidsweepmulti-legOIΔOIputcallnet
+01,87200011-0.684.7%71.1067.8530015.5016.556.6%0.3372848620202913,850-116-$501k+$996k+$496k
+065500000-0.644.7%63.4060.5029017.2518.808.6%0.37734061,277-143-$183k+$344k+$161k
+070300000-0.605.0%56.0553.3028019.8021.508.2%0.41291118142,489+17-$204k+$692k+$489k
+238200101-0.565.6%49.0546.4027022.7524.256.4%0.45401525003,339-22-$113k+$953k+$840k
+10794210141934-0.516.4%42.4539.8026026.1028.007.0%0.49483450171,494+3-$236k+$432k+$196k
-12,30002282151-0.469.2%36.4033.2025029.9032.408.0%0.5412865540544,289+41-$682k+$1.2m+$550k
-371,8596213215-0.419.9%30.6027.7024034.1535.905.0%0.596522430182,789-18-$541k+$778k+$236k
-92,865431125466-0.369.1%25.3023.1023039.1540.703.9%0.6310128732421,610+5-$805k+$430k-$375k
+143,24577013931230-0.3210.2%20.6018.6022044.1046.304.9%0.6822193012,963-40-$861k+$748k-$113k
+492,76014156121316-0.278.0%15.6014.4021050.0052.254.4%0.7350505687+1-$684k+$162k-$522k
+1410,733201301649-0.224.8%11.8511.3020056.5058.804.0%0.783316170271,182-2-$2.4m+$255k-$2.1m
+258455032023-0.209.9%10.659.6519559.9062.153.7%0.8055005617+7-$177k+$125k-$52k
+1,3424,26210082743-0.174.0%8.958.6019063.5065.753.5%0.82000001,902+0-$829k+$359k-$470k
-441,3670028167-0.1616.2%8.006.8018567.2569.653.5%0.8300000612+2-$245k+$107k-$138k