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MRVL

Marvell Technology, Inc.Close $176.27EOD only

Max Pain

$167.50

Next expiry May 22, 2026

Expected Move

±$13.05

7.4% from close

Price Gap

-8.77

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.35

Slightly put-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 19, 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

May 19, 2026 close

MRVL Theta Report

Analysis based on market close March 31, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Theta Verdict

Confidence:

8 / 10

base 5; +2 high IV; +1 strong pinning; +1 bullish flow; -1 MP trend falling

IV Environment

IV Regime

High

IV vs VIX

IV 58% — Extremely elevated vs typical large-cap norms (<20%)

Favorable?

Yes

Term structure: Humped at 4/10 (60%), elevated through 2027

💰IV >50% provides exceptional premium for sellers

📈Term structure humped at 10 DTE — ideal for 30-45 DTE sales

Pin Risk Assessment

Spot vs MP: Above max pain by 7.7% ($99.05 vs $92)

GEX regime: Strong Pinning (GEX +$25.9M — mean-reverting)

Gamma flip: ~$75.00 — Massive put OI at $75 creates strong support; below $75, dealers amplify selling

OI concentrations: Put wall $75 (25.5K OI), Call wall $100 (12.8K OI), Put wall $80 (11.8K OI)

Verdict: Highly favorable — strong positive GEX and OI support create pinning magnet near $90-$100 range

Premium Opportunities

put spread

Sell $85/$80 put spread 5/15 (45 DTE)

High IV (56.8%) at 45 DTE. Strikes below major OI support at $85/$80. Well below current spot ($99) for 14% buffer. Positive GEX supports pinning above these levels.

Credit: $1.40-$1.70

Max loss: $3.30

BE: $83.60

Mgmt: Close at 65% profit (~$0.91 credit). Roll up/out if spot tests $85. Exit all if spot closes below $75 gamma flip.

iron condor

Sell $85/$80P x $115/$120C 5/15 (45 DTE)

Captures high IV on both sides. Wings set at OI concentrations ($85P, $115C). Expected move ±$17.27 provides 16% buffer on each side. Positive GEX favors range-bound action.

Credit: $1.90-$2.30

Max loss: $3.10

BE: 83.10/116.90

Mgmt: Close at 50% profit. Manage wings independently — roll tested side out 30 days. Exit if spot breaches either short strike by >3%.

cash-secured put

Sell $85 put 6/18 (79 DTE)

For capital-secure sellers. High IV (61.7%) provides exceptional premium. Strike at major OI support ($85). 14% below spot. Willing to own at $78.50 effective cost.

Credit: $6.50-$7.50

Max loss: $78.50

BE: $78.50

Mgmt: Roll out 30-45 days at 21 DTE if tested. Close at 70% profit. Accept assignment below $75 only if thesis broken.

call credit spread

Sell $105/$110 call spread 4/24 (24 DTE)

Call wall at $105 (10.9K OI). High IV (57.6%) at 24 DTE. Spot needs 6% move to test. Bullish flow suggests ceiling resistance. Defined risk.

Credit: $1.15-$1.45

Max loss: $3.85

BE: $106.15

Mgmt: Close at 65% profit. Exit if spot closes above $105. Do not hold through earnings (5/28).

put calendar spread

Sell 4/17 $85 put, Buy 5/15 $85 put

Benefits from IV term structure hump (57.1% vs 56.8%) and rapid theta decay on short weekly. Strike at OI support. Positive GEX favors pinning.

Credit: $0.60-$0.90

Max loss: $4.10

BE: Dynamic — best if pinning near $85

Mgmt: Close short leg at 80% decay (7-10 DTE). Roll short leg out if spot approaches $87. Exit if spot breaks below $83.

Risk Alerts

!Earnings 5/28 — close all short premium positions at least 1 week prior

!Falling max pain trend ($92 → $80 long-dated) suggests underlying pressure

!Gamma flip at $75 — breach triggers dealer selling amplification

!Bullish flow (Net Prem +$81M) could drive momentum through call walls

!High IV (>50%) can compress rapidly on calm — favor defined-risk spreads

!Unusual activity in 4/2 $105C (25K volume) suggests near-term volatility

How to Use These Reports

This theta reflects the market close on March 31, 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.