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MRVL

Marvell Technology, Inc.Close $279.04EOD only

Max Pain

$300.00

Next expiry Jun 26, 2026

Expected Move

±$24.95

8.9% from close

Price Gap

+20.96

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.13

Slightly put-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

MRVL Directional Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish regime with high vol and gamma pinning. Spot below $295 max pain favors upward drift. Dealer positioning and flow support. Key risk is 6.2% gap but confidence high at 7.5.

Confidence:

7.5 / 10

Base 5; +2 GEX/flow aligned; +1 GEX positive; -1 spot distance; +0.5 VIX 19

Supports: Positive GEX, bullish flow, dealer long DEX, max pain above spot
Conflicts: Spot 6.2% below MP, high vol risk

📈GEX +$5.8M positive pin near $295

📊Bullish flow and dealer DEX +51M shares

⚠️Spot 6.2% below MP reversion risk

Regime Classification

Vol Regime

High

IV elevated, high vol regime

Gamma Regime

Pinning

GEX +$5.8M strong positive gamma pinning near $295

Flow Regime

Bullish

Net premium and P/C ratio suggest bullish flow

Spot vs Max Pain

Below

Spot below max pain $295, 6.2% gap implying upward drift

Thesis duration: Event-specific — Max pain $295 on 6/26 expiry and strong gamma pinning drive near-term bias

Price Range Forecast

Next 2 days

$256.63$296.78

Pin to $295 max pain

Next 1 week

$242.75$310.65

Pin at $295 supports upward drift

Next 2 weeks

$253.43$299.98

Resistance at $280, $295, $300

Key Levels

Max pain pins: $295 (2026-06-26); $275 (2026-07-02); $280 (2026-07-10)

EM guardrails: 2d $256.63/$296.78; 1w $242.75/$310.65

Support: $253.43

Resistance: $280.00 · $295.00 · $299.98

Structural: Max pain $295 (6/26), $275 (7/2), $280 (7/10); EM guardrails: 2d $256.63-$296.78, 1w $242.75-$310.65; Support: $253.43; Resistance: $280, $295, $300

Dealer Positioning (GEX/DEX)

GEX: $+5.8M

DEX: +51.1M shares

Gamma flip: N/A

NTM gamma: GEX +$5.8M, DEX +51.1M shares, positive gamma pinning near $295

IV Analysis

IV vs VIX: IV elevated relative to VIX, rich implied vol

Term structure: Contango typical for high vol events; near-term expiries elevated due to expiry

Skew: Skew is puts-biased; positive gamma and pinning support buying calls for upside. Opportunity: buy $295 calls for 6/26 expiry.

Flow Analysis

Net premium: Net premium +$144M; call-heavy volume (P/C 0.69) but put-heavy OI (1.14), indicating aggressive call buying against puts.

Directional prints: 104 call 270 ITM 2026-06-26 — Vol/OI 5.3; likely bought opening. Bullish bet. Preferred: bought. 105 call 265 ITM 2026-06-26 — Vol/OI 3.2; moderate call buying. Preferred: bought.

Unusual: 95.7 call 410 OTM 2026-11-20 — Vol/OI 16.2; far OTM call sweep. Aggressive bought. Preferred: bought. 177.7 put 145 OTM 2026-07-02 — Vol/OI 6.2; IV 177%; deep OTM put. Likely hedge or speculation. Preferred: bought. 102.1 call 272.5 ITM 2026-06-26 — Vol/OI 4.8; strong call buying. Preferred: bought.

Risks & Catalysts

!Spot 6.2% below MP, sharp move risk

!High vol may increase premium decay

!Event expiry could cause volatility unwind

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Strong	Sell 2026-07-10 $255.00/$225.00 put spread Why now: Put credit spread profits from upward drift/neutral; high vol boosts premium; near-term expiry aligns with bullish lean.	Sharp downside move could exceed short put; gap risk 6.2% below max pain.
Bull call spread	Moderate-Strong	Buy 2026-07-10 $312.50/$335.00 call spread Why now: Bull call spread gains on upward move with limited risk; high vol supports gamma; near-term expiry captures drift.	Time decay if flat; vol crush after event; limited upside if move exceeds short call.
Bullish risk reversal	Moderate-Strong	Buy 2026-09-18 $300.00 call / sell 2026-09-18 $270.00 put Why now: Call heavy inflow and bullish lean; short put at support to offset call cost.	Unlimited upside on call, but short put exposes to downside gap risk.
Cash-secured put	Moderate	Sell 2026-09-18 $270.00 cash-secured put Why now: Bullish regime with high vol; selling put at 270 earns premium and buys dip.	Assignment risk if spot drops below 270; opportunity cost if rally continues.

Top Plays

Bull Call Spread

Buy 2026-07-10 $312.50/$335.00 call spread

Buy call spread to benefit from upward drift with defined risk and high vol premium.

Why this play: Best aligns with short-term bullish lean and high vol; limited risk captures upside.

Debit: $3.76-$4.59

Max loss: $4.59

BE: $317.09

Mgmt: Exit if spot breaks below invalidation level or near expiry if profitable.

Traders seeking limited-risk bullish exposure.

Put Credit Spread

Sell 2026-07-10 $255.00/$225.00 put spread

Sell put spread to collect premium with defined risk, suited for high vol.

Why this play: Neutral-to-bullish play profits from upward drift; high vol boosts premium.

Credit: $6.86-$8.39

Max loss: $21.61

BE: $246.61

Mgmt: Close if spot approaches short strike; consider early exit for profit.

Traders preferring high probability of small gain.

Bullish Risk Reversal

Buy 2026-09-18 $300.00 call / sell 2026-09-18 $270.00 put

Buy call and sell put to finance upside with defined downside risk.

Why this play: Leverages call-heavy flow and bullish bias; unlimited upside potential.

Credit: $2.88-$3.52

Max loss: $266.48

BE: $266.48

Mgmt: Monitor short put risk; roll if needed; hold for longer-term drift.

Aggressive traders seeking leveraged bullish exposure.

Watchlist Triggers

Entry Triggers

IFIF spot >$253.43 and breaks $280 → Buy 2026-07-10 $312.50/$335.00 call spread

IFIF spot holds $253.43-$280 range → Sell 2026-07-10 $255.00/$225.00 put spread

IFIF spot breaks above $295 → Buy 2026-09-18 $300.00 call / sell 2026-09-18 $270.00 put

Exit Triggers

EXITIF spot closes below $253.43 → Exit all bullish positions

Tactical Summary

Bullish bias with high vol, spot below max pain $295. Support $253.43, resistance $280/$295. Expect upward drift near-term. Preferred: bull call spread on break above $280; put credit spread if range-bound. Invalidation below $253.43.

How to Use These Reports

This directional reflects the market close on June 24, 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.