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MRVL

Marvell Technology, Inc.Close $257.38EOD only
Max Pain
$225.00
Next expiry Sep 25, 2026
Expected Move
±$15.20
5.9% from close
Price Gap
-32.38
Distance to max pain
IV Rank
10
Low premium
P/C OI
1.31
Slightly put-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Sep 21, 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
Sep 21, 2026 close
MRVL Theta Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 23, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short strangle or iron condor around $300
Invalidation: Spot breaks below $254 or above $304
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.0% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV 106.9% vs VIX 19.5 – extreme premium
Favorable?
Yes

Term structure: Front-month 106.9% declines to ~98% by 1w, then contango; put IV > call near term.

📈Elevated IV due to high vol & pinning; premium selling attractive with dealer gamma support.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+7.7M)

OI concentrations: Call wall $320-$400; put floor $150-$175; max pain pins at $300 (3d), $275 (9d), $280 (17d).

Verdict: Pin near $300 likely with strong dealer gamma long ($+7.7M) and max pain alignment.

Premium Opportunities

#1
Iron condor
Sell 2026-07-24 $230.00/$225.00 put wing and $300.00/$302.50 call wing
Sell put wing $230/$225 and call wing $300/$302.5, collect ~$2.89 credit
Credit: $2.36-$2.89
Max loss: $2.11
BE: 227.11 / 302.89
Mgmt: Close at 50% profit or before earnings.
#2
Short strangle
Sell 2026-07-24 $230.00 put + sell $300.00 call
Sell $230 put and $300 call, collect ~$39.41 credit
Credit: $32.24-$39.41
Max loss: Unlimited
BE: 190.59 / 339.41
Mgmt: Tighten stops, exit on break of invalidation levels.

Risk Alerts

!Gap risk: spot below max pain; if QQQ selloff continues, further downside possible.
!Event risk: high IV may collapse post-expiry.
How to Use These Reports
This theta reflects the market close on June 23, 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.