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MRVL

Marvell Technology, Inc.Close $133.55EOD only
Max Pain
$175.00
Next expiry Nov 6, 2026
Expected Move
±$8.95
6.7% from close
Price Gap
+41.45
Distance to max pain
IV Rank
19
Low premium
P/C OI
1.27
Slightly put-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Nov 5, 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
Nov 5, 2026 close
MRVL Theta Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Put Spreads
Invalidation: Spot closes below $290 support
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.2% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV at 108% vs VIX 17.28 is extremely rich
Favorable?
Yes

Term structure: Contango but steep decline from 106.65 to 91.13 over 12 months; near-term skew elevated

📈IV 108% vs VIX 17 – huge premium opportunity
🔍Term structure downward sloping, front-end IV elevated

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+21.9M)

OI concentrations: Call wall $400, Put floor $170, Max Pain $290 (2026-06-26)

Verdict: Gamma pinning near $290; high put OI concentration downside

Premium Opportunities

#1
Put credit spread
Sell 2026-09-18 $290.00/$280.00 put spread
Collects premium with 10-wide spread below support, benefiting from rich IV of 108%.
Credit: $4.84-$5.91
Max loss: $4.09
BE: $284.09
Mgmt: Exit if spot closes below $290 or at 50% max gain. Roll if needed.
#2
Short strangle
Sell 2026-08-21 $290.00 put + sell $330.00 call
Sells OTM put and call at $290 and $330 to harvest elevated IV pre-earnings.
Credit: $70.83-$86.57
Max loss: Unlimited
BE: 203.43 / 416.57
Mgmt: Set stop loss at 2x credit received. Close before earnings.

Risk Alerts

!Spot 6.2% above max pain $290 – pin risk if spot retraces
!High put IV skew suggests downside fear, but bullish flow offsets
How to Use These Reports
This theta reflects the market close on June 22, 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.