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MRVL

Marvell Technology, Inc.Close $276.70EOD only
Max Pain
$295.00
Next expiry Jun 26, 2026
Expected Move
±$20.08
7.3% from close
Price Gap
+18.30
Distance to max pain
IV Rank
32
Middle-high premium
P/C OI
1.14
Slightly put-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
MRVL Earnings Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Earnings 63 days out with 80% beat rate. Strong bullish flow and positive GEX pinning. IV elevated with large expected moves.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.0% from MP; +0.5 VIX 19
Most important: Unusual put buying at deep OTM strikes suggests hedging, but net call premium and positive gamma flow support bullish bias.
🛡️Large volume in puts $217.5 (7/2) and $230 (3/19) suggests hedging or bearish bets.
📈Call buying at $277.5, $275, $300 reflects bullish momentum and gamma exposure.
⚠️Max pain $290 (1d) and $275 (7d) may act as magnets; spot at $281.65 is below.

Regime Classification

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

Earnings Overview

Next earnings: 2026-08-27 (63 days)explicit

Expected moves:

  • 2026-06-26 (1d): ±$13.28 (4.7%)
  • 2026-07-02 (7d): ±$30.95 (11.0%)
  • 2026-07-10 (15d): ±$22.12 (7.9%)

IV Setup

Term structure: Non-standard: 7d move (11%) > 15d (7.9%). 1d IV elevated at 4.7%.

Crush estimate: No immediate crush; long-dated IV likely declines post-earnings.

Skew: Put skew moderate with deep OTM puts active, but call OI wall $300-$320.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not available from data.

Directional bias: Bullish given 80% beat rate and strong flow.

Key Levels

1EM guardrails: 2d $267.99/$294.54; 1w $250.31/$312.21
2Max pain pins: $290 (2026-06-26); $275 (2026-07-02); $285 (2026-07-10)

Flow Highlights

Net premium +$43M with put/call volume ratio 0.76 (bullish). Unusual buys: 7/2 $217.5 put (vol/OI 4.9), 3/19 $230 put (4.4), 6/26 $277.5 call (4.1), 6/26 $275 call (3.8), 7/10 $300 call (2.9).

Significant put hedging at downside strikes, balanced by aggressive call buying near money. Overall bullish sentiment with tail hedges.

Strategies

Call Diagonal
Sell 2026-07-10 $300.00 call / buy 2026-08-21 $280.00 call
Debit: $26.71-$32.64
Max loss: $32.64
Max gain: Variable
BE: Path-dependent
Trigger: Monitor IV skew; roll if near-term short becomes ITM.
Elevated near-term IV vs back-month; bullish 80% beat rate supports upside.
Outperforms: Sell near-term call, buy later-dated call to capture term structure premium.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Bull Call Spread
Buy 2026-09-18 $270.00/$380.00 call spread
Debit: $30.02-$36.69
Max loss: $36.69
Max gain: $73.31
BE: $306.69
Trigger: Exit near max gain or if trend reverses.
Strong bullish bias, 80% beat rate, defined risk for 85-day move.
Outperforms: Buy ITM call, sell OTM call to finance upside.
Underperforms: Loss of support weakens upside continuation thesis.
Iron Condor
Sell 2026-07-10 $260.00/$257.50 put wing and $300.00/$305.00 call wing
Credit: $2.23-$2.72
Max loss: $2.28
Max gain: $2.72
BE: 257.28 / 302.72
Trigger: Adjust if price nears short strikes.
Elevated IV, 80% beat rate suggests contained move; sell wings.
Outperforms: Sell OTM call and put wings, buy further OTM for protection.
Underperforms: Move outside short strikes invalidates range thesis.
Long straddle
Buy 2026-09-18 $320.00 put + buy $320.00 call
Debit: $104.85-$128.15
Max loss: $128.15
Max gain: Unlimited
BE: 191.85 / 448.15
Elevated IV and expected move; strong directional bias but straddle profits from any move.
Outperforms: Capture large implied move on earnings with long straddle.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Volatility expansion risk: VIX 19 and high IV escalates if market drops.
!Gamma pinning: Max pain $290 for 1d, $275 for 7d; large call wall $300-$320 may cap upside.
!Event risk: Earnings 63 days away leaves room for macro shocks.

What to Watch

?Spot action relative to max pain and EM guardrails ($268-$295 2d, $250-$312 1w).
?Unusual put flow at $217.5 and $230 strikes for hedging clues.
?IV changes in weekly expiries; 7/2 expected move 11% suggests high volatility.
How to Use These Reports
This earnings reflects the market close on June 25, 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.