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MRVL

Marvell Technology, Inc.Close $279.70EOD only

Max Pain

$160.00

Next expiry Jun 18, 2026

Expected Move

±$30.78

11.0% from close

Price Gap

-119.70

Distance to max pain

IV Rank

High premium

P/C OI

1.10

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 12, 2026 close

End-of-day snapshot

This page reflects MRVL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 12, 2026 close

MRVL Directional Report

Analysis based on market close June 15, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Outlook

Bullish bias driven by strong call flow and positive GEX, but high vol and gamma resistance near 320-330 may cap near-term upside. Spot well above max pain, suggesting dealer hedging could amplify moves but also cause pinning.

Confidence:

8 / 10

Base 5; +2 GEX/flow alignment; +1 GEX positive pinning; -1 spot 76.5% above MP; VIX elevated, neutral impact. Total 7.

Supports: Bullish flow, positive GEX, low VIX, strong support at 251.26.
Conflicts: High vol regime, gamma flip far below at 235, resistance cluster 320-330-366.51.

📈Strong call flow driving bullish regime with GEX +$40.2M.

⚠️Positive GEX means dealers sell into strength, may cap upside near 320-330.

📌Spot well above max pain pins; pinning risk minimal near-term.

Regime Classification

Vol Regime

High

High vol regime with elevated IV relative to VIX (16.2), driven by event risk and heavy call flow.

Gamma Regime

Pinning

Positive GEX +$40.2M with gamma flip far below ~235; provides structural support but dealers sell into strength, capping rallies.

Flow Regime

Bullish

Bullish flow with net call premium, indicating aggressive upside positioning.

Spot vs Max Pain

Above

Spot above max pain pins (175, 225, 240), reducing near-term pinning pressure but increasing risk of reversal if flow shifts.

Thesis duration: Multi-week — Multiple monthly expirations (6/18, 6/26, 7/2) and sustained bullish flow suggest multi-week directional play with structural dealer positioning.

Price Range Forecast

Next 2 days

$280.96$336.81

Support at 280.96, resistance at 320-330; positive GEX may cap, but flow remains strong.

Next 2 weeks

$251.26$366.51

Upside target from range high; key resistance at 320-330 and gamma flip at 235 as support.

Key Levels

Max pain pins: $175 (2026-06-18); $225 (2026-06-26); $240 (2026-07-02)

EM guardrails: 2d $280.96/$336.81

Support: $251.26

Resistance: $320.00 · $330.00 · $366.51

Gamma flip: ~$235.00 — Approx — based on put OI concentration of 10,432 (23.9% below spot)

Structural: Support: 251.26 (range low). Resistance: 320, 330, 366.51 (range high). Gamma flip: ~235 (structural support).

Dealer Positioning (GEX/DEX)

GEX: $+40.2M

DEX: +66.5M shares

Gamma flip: ~$235 (Approx — based on put OI concentration of 10,432 (23.9% below spot))

NTM gamma: $40.2M positive GEX; gamma flip near $235 (23.9% below spot). Dealers long gamma, selling into strength, buying into weakness.

IV Analysis

IV vs VIX: IV elevated vs VIX (16.2), reflecting event premium and bullish flow. Rich but justified by high vol regime.

Term structure: Elevated near-term IV decaying post monthly expiry; potential kink at 6/18 and 6/26 expirations.

Skew: Call skew elevated due to bullish flow; put skew relatively flat. Opportunity: sell puts at support (251) for premium decay.

Flow Analysis

Net premium: Net premium $473M bullish (call-heavy vol P/C 0.48) despite put-heavy OI (1.12), indicating fresh call buying.

Directional prints: 118.8 call 400 OTM 2026-06-26 — Vol/OI 6.6, high volume (7632) suggests new bullish buying; likely bought as upside bet. 113.1 call 295 ITM 2026-06-18 — Vol/OI 6.1, volume 4586 vs OI 750; aggressive call buying, ITM implies conviction. 118.1 call 365 OTM 2026-06-18 — Vol/OI 10.4, volume 2850 vs OI 275; extremely high ratio, speculative call bet.

Unusual: 163.3 put 140 OTM 2026-06-26 — Vol/OI 14.2 on deep OTM put; tail risk hedge or speculative; low premium ($0.08) suggests hedge. 125.5 call 480 OTM 2026-07-02 — Vol/OI 10.9 on far OTM call; speculative upside bet, possibly for large move. 111.7 put 287.5 OTM 2026-06-18 — Vol/OI 7.0 on OTM put; could be hedging or bearish; net bullish context suggests part of spread.

Risks & Catalysts

!Spot far from gamma flip (235) – sudden moves may trigger dealer hedging

!Resistance at 320-330 may cap upside if buying exhausts

!Vol collapse post-expiry could hurt long premium positions

!Bullish flow reversal if macro sours or earnings disappoint

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Strong	Sell 2026-07-17 $260.00/$240.00 put spread Why now: High call flow supports bullish drift; selling OTM put can benefit if spot stays above short strike.	Sharp sell-off below short strike could cause losses; watch earnings vol expansion.
Bull call spread	Moderate	Buy 2026-07-17 $330.00/$390.00 call spread Why now: Call buying flow and positive GEX suggest upward pressure; debit spread caps risk.	Resistance at 320-330 may cap gains; time decay works against long leg.
Bullish risk reversal	Moderate	Buy 2026-07-24 $330.00 call / sell 2026-07-24 $250.00 put Why now: Net call premium positive suggests momentum; risk reversal captures upside with limited cost.	Uncapped downside if spot drops below put strike; margin requirement high.

Top Plays

Bull Call Spread

Buy 2026-07-17 $330.00/$390.00 call spread

Captures upside with limited risk, leveraging call buying momentum.

Why this play: Directly profits from bullish move with defined risk, best suited given call flow and resistance.

Debit: $13.75-$16.80

Max loss: $16.80

BE: $346.80

Mgmt: Exit near resistance or on vol collapse.

Traders seeking directional exposure with capped risk.

Put Credit Spread

Sell 2026-07-17 $260.00/$240.00 put spread

Sells OTM put spread to collect premium, benefiting from bullish drift.

Why this play: Lower risk, high probability of profit if spot stays above 260.

Credit: $5.04-$6.16

Max loss: $13.84

BE: $253.84

Mgmt: Close if spot breaks below 260.

Conservative bullish traders.

Bullish Risk Reversal

Buy 2026-07-24 $330.00 call / sell 2026-07-24 $250.00 put

Long call funded by short put, for aggressive upside.

Why this play: Cheapest way to capture upside, but high loss potential.

Debit: $18.25-$22.30

Max loss: $250.00

BE: $250.00

Mgmt: Monitor gamma risk and close if spot drops.

Aggressive traders comfortable with unlimited loss.

Watchlist Triggers

Entry Triggers

IFIf spot breaks above 320 resistance → Buy 2026-07-17 $330/$390 call spread at $13.75-$16.80

IFIf spot holds above 260 → Sell 2026-07-17 $260/$240 put spread at $5.04-$6.16

Exit Triggers

EXITIf spot closes below 251.26 → Close all bullish positions

Tactical Summary

Bullish bias with strong call flow. Resistance 320-330 caps near-term; target 366.51. Use bull call spread on breakout, put credit spread on dips. Invalidation below 251.26.

How to Use These Reports

This directional reflects the market close on June 15, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.