thetaOwl
HomeOptionsMRVLReports

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
31
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 Earnings Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish setup: high beat rate, strong call flow, gamma pinning above spot. Earnings far out, but near-term IV elevated.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.2% from MP; +0.5 VIX 19
Most important: Spot below max pain ($295) and heavy call buying suggest upward bias near weekly expiration.
📈Heavy call buying: $143M net premium, put/call vol 0.69.
⚠️Deep OTM put activity: possible hedging or speculation.
🎯Spot below max pain ($295): potential upward drift.

Regime Classification

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

Earnings Overview

Next earnings: 2026-08-27 (64 days)explicit

Expected moves:

  • 2026-06-26 (2d): ±$20.07 (7.3%)
  • 2026-07-02 (8d): ±$33.95 (12.3%)
  • 2026-07-10 (16d): ±$23.28 (8.4%)

IV Setup

Term structure: Front-end elevated; 8d implied move 12.3% highest, 2d 7.3%, 16d 8.4% - likely due to weekly pinning.

Crush estimate: Earnings 64 days away; no immediate crush.

Skew: Skew biased calls; deep OTM calls active.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not provided.

Directional bias: Bullish (80% beat rate).

Key Levels

1EM guardrails: 2d $256.63/$296.78; 1w $242.75/$310.65
2Max pain pins: $295 (2026-06-26); $275 (2026-07-02); $280 (2026-07-10)

Flow Highlights

Large call buying on 2026-11-20 $410 and $470 calls (unusual volume).

Bullish long-term bets on growth.

Heavy volume on near-term $270 and $272.5 calls.

Bullish sentiment ahead of weekly expiration.

Strategies

Short Strangle
Sell 2026-07-02 $252.50 put + sell $280.00 call
Credit: $20.90-$25.55
Max loss: Unlimited
Max gain: $25.55
BE: 226.95 / 305.55
Trigger: Close at ~50% max profit or if spot breaks $250 or $285.
Best for range-bound expectation: gamma pinning near $275, high IV premium, defined short-term risk.
Outperforms: Sells OTM put and call to collect elevated IV premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Long straddle
Buy 2026-09-18 $310.00 put + buy $310.00 call
Debit: $101.81-$124.44
Max loss: $124.44
Max gain: Unlimited
BE: 185.56 / 434.44
Bullish bias historically but earnings move often significant; IV elevated but may expand further.
Outperforms: Buy volatility ahead of earnings to capture large directional move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Long strangle
Buy 2026-09-18 $240.00 put + buy $380.00 call
Debit: $50.31-$61.49
Max loss: $61.49
Max gain: Unlimited
BE: 178.51 / 441.49
IV high but strangle reduces premium cost; bullish bias favors call side.
Outperforms: Cheaper long-vol structure with OTM options to benefit from earnings breakout.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Gamma pinning may pull spot toward $295 resistance.
!Resistance at $280, $295; support $253.
!IV high may compress post-expiration.

What to Watch

?Spot action near $275 max pain.
?$270-$280 range for weekly pinning.
?Continued call flow and open interest shifts.
How to Use These Reports
This earnings 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.