base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP
Watch next session: Monitor $275C and $250P activity; Check spot vs MP
Net premium: +$13.9M bullish
P/C volume ratio: 0.75
P/C OI ratio: 1.10
MRVL flow is strongly bullish with $13.9M net premium, high call volume, and +$17.7M gamma. Unusual prints show large call buying at $275 and $400. Positive DEX supports bullish bias.
#1MRVL 2026-07-24 $250.00 Put
Intent: Bearish
#2MRVL 2026-09-18 $240.00 Put
Intent: Bearish
#3MRVL 2026-12-18 $400.00 Call
Intent: Bullish
#4MRVL 2026-06-12 $275.00 Call
Intent: Bullish
#5MRVL 2027-03-19 $270.00 Call
Intent: Bullish
Call additions: Calls added at high strikes 400, 275 and near-term 260-265.
Put additions: Puts added at 220, 240, 250, 140.
GEX/DEX consistency: GEX and DEX positive, consistent with bullish flow.
OI clusters: Call OI 275 (1124), put OI 220 (1003) largest.
Hedging evidence: Put buying at 220,240 suggests hedging.
Max pain context: Spot below MP; gamma pinning bullish.
~Net premium and call volume bullish.
~GEX/DEX alignment bullish.
~Put additions at 220,240 are hedging.
~Put/call OI ratio noise vs volume.