thetaOwl
HomeOptionsMRVLReports

MRVL

Marvell Technology, Inc.Close $266.88EOD only
Max Pain
$262.50
Next expiry Jun 12, 2026
Expected Move
±$25.45
9.5% from close
Price Gap
-4.38
Distance to max pain
IV Rank
80
High premium
P/C OI
1.12
Slightly put-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 9, 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 9, 2026 close
MRVL Earnings Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

High confidence bullish setup: strong flow, gamma pinning, 80% beat rate.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP
Most important: Call OI wall at $300 and put floor $130-$165 define range; net premium +$13.9M.
📈Net premium +$13.9M bullish; call demand dominates despite high IV.
⚠️VIX 22 → elevated premiums; wait for IV contraction or use spreads.
🛡️Put floor at $130-$165 provides downside cushion; OI wall at $300 caps upside near term.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below

Earnings Overview

Next earnings: 2026-08-27 (78 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$19.78 (7.8%)
  • 2026-06-18 (8d): ±$34.33 (13.6%)
  • 2026-06-26 (16d): ±$44.42 (17.6%)

IV Setup

Term structure: Steep: expected moves ±7.8% (2d) to ±17.6% (16d); earnings 78d out.

Crush estimate: Post-event crush ~50-70% but distant; current IV elevated across expirations.

Skew: Upside skew via call wall at $300; downside protected by put floor $130-$165.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Avg move ~±8% vs expected ±7.8% (2d); beat rate 80% suggests drift.

Directional bias: Bullish given high beat rate and positive flow.

Key Levels

1EM guardrails: 2d $232.81/$272.36; 1w $218.26/$286.91
2Max pain pins: $258 (2026-06-12); $150 (2026-06-18); $200 (2026-06-26)

Flow Highlights

Large put buying MRVL 2026-07-24 $250 Put (vol/OI 11.1) and MRVL 2026-09-18 $240 Put (vol/OI 5.7).

Hedging or bearish bets at elevated strikes; may indicate expected downside or positioning for expiration.

Call buying in MRVL 2026-06-12 $275 Call (vol/OI 3.8) and MRVL 2026-12-18 $400 Call (vol/OI 4.0).

Bullish long-dated bets; $400 call suggests upside conviction.

Strategies

Iron Condor
Sell 2026-06-18 $240.00/$230.00 put wing and $270.00/$277.50 call wing
Credit: $4.82-$5.89
Max loss: $4.11
Max gain: $5.89
BE: 234.11 / 275.89
Trigger: Close at 50% max gain or hold to expiry; adjust if spot nears short strikes.
Safest play exploiting elevated IV with defined risk; max pain supports range.
Outperforms: Sells wings to capture credit from inflated premiums, benefitting from IV crush.
Underperforms: Move outside short strikes invalidates range thesis.
Call Diagonal
Sell 2026-06-18 $270.00 call / buy 2026-06-26 $260.00 call
Debit: $8.12-$9.93
Max loss: $9.93
Max gain: Variable
BE: Path-dependent
Trigger: Monitor spot relative to short strike; roll or close if trend reverses.
Exploits steep term structure and bullish bias; limited downside with calendar decay.
Outperforms: Sells near-term call, buys later expiration strike for long vol skew and directional edge.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-06-18 $240.00 put + sell $270.00 call
Credit: $19.30-$23.60
Max loss: Unlimited
Max gain: $23.60
BE: 216.40 / 293.60
Trigger: Set stop-loss on spot break beyond expected move; position size small.
Highest theta but unlimited tail risk; suitable only with active risk controls.
Outperforms: Sells out-of-the-money put and call to collect high premium from elevated IV.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!High IV environment (VIX 22) inflates premiums; theta decay non-negligible for short-dated options.
!Earnings 78 days away → event risk distant; positioning may unwind.
!Spot below max pain ($258 for 2d) could pin or drift lower near term.
!Large put OI at $220 (Aug21) adds resistance on downside.

What to Watch

?Max pain: $258 (2d), $150 (8d), $200 (16d); guardrails $232.81/$272.36 (2d).
?Spot action relative to $257.5 and $262.5 call activity.
?Unusual prints: $250 Put (Jul24), $400 Call (Dec18) for conviction.
?Gamma flip if spot drops below $208 support.
How to Use These Reports
This earnings reflects the market close on June 10, 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.