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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 2026-09-22, not on the page's date.

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 2026-09-22, not on the page's date.

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 2027-01-15 expiry: 116 calendar days from 2026-09-21 (119 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 370 (Δ 0.20), put 190 (Δ -0.19); 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: 1905.4k05.4k82182125%10%10%25%-$1.1m+$1.1mcall wall 250book spot 244.25γ flip 222.08put wall 200strike 300 calls: OI 5,384 (+173) · vol 470 (at ask 349, at bid 111, sweep 1, multi-leg 28) · NBBO 19.10 × 20.35, spread 6.3% of mid · Δ 0.37 puts: OI 856 (+1) · vol 20 (at ask 0, at bid 20) · NBBO 71.40 × 74.15, spread 3.8% of mid · Δ -0.65 net GEX +$1.1m per 1% (calls +$1.3m, puts -$215k)strike 290 calls: OI 668 (+1) · vol 39 (at ask 29, at bid 10, multi-leg 1) · NBBO 21.20 × 22.75, spread 7.1% of mid · Δ 0.40 puts: OI 351 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 63.70 × 66.55, spread 4.4% of mid · Δ -0.62 net GEX +$73k per 1% (calls +$165k, puts -$92k)strike 280 calls: OI 3,417 (+417) · vol 58 (at ask 30, at bid 24, multi-leg 26) · NBBO 24.20 × 25.45, spread 5.0% of mid · Δ 0.43 puts: OI 1,024 (+8) · vol 12 (at ask 11, at bid 1) · NBBO 56.25 × 59.25, spread 5.2% of mid · Δ -0.59 net GEX +$580k per 1% (calls +$858k, puts -$278k)strike 270 calls: OI 1,072 (+28) · vol 142 (at ask 78, at bid 60, multi-leg 4) · NBBO 27.50 × 28.60, spread 3.9% of mid · Δ 0.47 puts: OI 406 (+0) · vol 3 (at ask 3, at bid 0) · NBBO 49.70 × 52.35, spread 5.2% of mid · Δ -0.54 net GEX +$160k per 1% (calls +$271k, puts -$111k)strike 260 calls: OI 2,261 (+13) · vol 62 (at ask 44, at bid 17, multi-leg 12) · NBBO 31.10 × 32.00, spread 2.9% of mid · Δ 0.51 puts: OI 1,013 (+3) · vol 1 (at ask 1, at bid 0) · NBBO 43.10 × 45.85, spread 6.2% of mid · Δ -0.50 net GEX +$295k per 1% (calls +$569k, puts -$274k)strike 250 calls: OI 3,913 (-23) · vol 110 (at ask 38, at bid 50, multi-leg 63) · NBBO 35.00 × 35.95, spread 2.7% of mid · Δ 0.55 puts: OI 3,746 (+0) · vol 17 (at ask 8, at bid 8) · NBBO 36.85 × 39.65, spread 7.3% of mid · Δ -0.45 net GEX -$36k per 1% (calls +$971k, puts -$1.0m)strike 240 calls: OI 2,730 (-2) · vol 82 (at ask 57, at bid 20, multi-leg 62) · NBBO 38.15 × 40.30, spread 5.5% of mid · Δ 0.59 puts: OI 881 (+3) · vol 96 (at ask 34, at bid 56, multi-leg 95) · NBBO 31.55 × 32.85, spread 4.0% of mid · Δ -0.41 net GEX +$431k per 1% (calls +$665k, puts -$234k)strike 230 calls: OI 1,800 (+28) · vol 40 (at ask 28, at bid 11, multi-leg 12) · NBBO 42.65 × 45.00, spread 5.4% of mid · Δ 0.64 puts: OI 2,712 (-43) · vol 821 (at ask 795, at bid 20, multi-leg 815) · NBBO 25.95 × 28.55, spread 9.5% of mid · Δ -0.37 net GEX -$257k per 1% (calls +$430k, puts -$688k)strike 220 calls: OI 1,686 (-16) · vol 20 (at ask 8, at bid 10, multi-leg 5) · NBBO 47.85 × 50.40, spread 5.2% of mid · Δ 0.68 puts: OI 2,697 (-64) · vol 64 (at ask 60, at bid 3, multi-leg 1) · NBBO 21.55 × 23.45, spread 8.4% of mid · Δ -0.32 net GEX -$258k per 1% (calls +$390k, puts -$648k)strike 210 calls: OI 1,169 (+1) · vol 3 (at ask 0, at bid 3) · NBBO 53.50 × 55.85, spread 4.3% of mid · Δ 0.72 puts: OI 2,161 (+5) · vol 34 (at ask 25, at bid 7, multi-leg 21) · NBBO 17.15 × 19.10, spread 10.8% of mid · Δ -0.28 net GEX -$237k per 1% (calls +$251k, puts -$489k)strike 200 calls: OI 2,398 (-7) · vol 21 (at ask 2, at bid 19, multi-leg 3) · NBBO 59.70 × 62.10, spread 3.9% of mid · Δ 0.76 puts: OI 5,367 (-8) · vol 17 (at ask 8, at bid 7, multi-leg 2) · NBBO 13.55 × 14.55, spread 7.1% of mid · Δ -0.23 net GEX -$645k per 1% (calls +$471k, puts -$1.1m)strike 195 calls: OI 549 (+1) · vol 14 (at ask 14, at bid 0, multi-leg 12) · NBBO 62.95 × 65.00, spread 3.2% of mid · Δ 0.78 puts: OI 1,292 (-34) · vol 19 (at ask 18, at bid 0, multi-leg 6) · NBBO 12.10 × 12.85, spread 6.0% of mid · Δ -0.21 net GEX -$151k per 1% (calls +$103k, puts -$254k)strike 190 calls: OI 4,313 (-1) · vol 43 (at ask 33, at bid 7) · NBBO 66.40 × 68.85, spread 3.6% of mid · Δ 0.80 puts: OI 3,283 (-206) · vol 73 (at ask 71, at bid 2, multi-leg 1) · NBBO 10.45 × 11.80, spread 12.1% of mid · Δ -0.19 net GEX +$155k per 1% (calls +$763k, puts -$608k)strike 185 calls: OI 870 (+0) · vol 0 (at ask 0, at bid 0) · NBBO 69.95 × 73.20, spread 4.5% of mid · Δ 0.82 puts: OI 2,589 (+33) · vol 15 (at ask 13, at bid 2) · NBBO 9.05 × 10.35, spread 13.4% of mid · Δ -0.17 net GEX -$304k per 1% (calls +$144k, puts -$448k)

2027-01-15 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 (+$1.6m 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
+18560020020-0.653.8%74.1571.4030019.1020.356.3%0.374703491111285,384+173-$215k+$1.3m+$1.1m
+035100000-0.624.4%66.5563.7029021.2022.757.1%0.4039291001668+1-$92k+$165k+$73k
+81,0240011112-0.595.2%59.2556.2528024.2025.455.0%0.435830240263,417+417-$278k+$858k+$580k
+040600033-0.545.2%52.3549.7027027.5028.603.9%0.471427860041,072+28-$111k+$271k+$160k
+31,01300011-0.506.2%45.8543.1026031.1032.002.9%0.516244170122,261+13-$274k+$569k+$295k
+03,746008817-0.457.3%39.6536.8525035.0035.952.7%0.5511038500633,913-23-$1.0m+$971k-$36k
+3881950563496-0.414.0%32.8531.5524038.1540.305.5%0.598257200622,730-2-$234k+$665k+$431k
-432,712815020795821-0.379.5%28.5525.9523042.6545.005.4%0.644028110121,800+28-$688k+$430k-$257k
-642,6971036064-0.328.4%23.4521.5522047.8550.405.2%0.6820810051,686-16-$648k+$390k-$258k
+52,16121072534-0.2810.8%19.1017.1521053.5055.854.3%0.72303001,169+1-$489k+$251k-$237k
-85,367207817-0.237.1%14.5513.5520059.7062.103.9%0.7621219032,398-7-$1.1m+$471k-$645k
-341,2926001819-0.216.0%12.8512.1019562.9565.003.2%0.7814140012549+1-$254k+$103k-$151k
-2063,2831027173-0.1912.1%11.8010.4519066.4068.853.6%0.8043337004,313-1-$608k+$763k+$155k
+332,5890021315-0.1713.4%10.359.0518569.9573.204.5%0.8200000870+0-$448k+$144k-$304k