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MRVL

Marvell Technology, Inc.Close $258.95EOD only
Max Pain
$240.00
Next expiry Sep 25, 2026
Expected Move
±$7.50
2.9% from close
Price Gap
-18.95
Distance to max pain
IV Rank
10
Low premium
P/C OI
1.29
Slightly put-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Sep 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
Sep 24, 2026 close
MRVL Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness5 / 10
Sizing: Moderate
Primary: Bear put spread
Invalidation: Spot rallies above 285 or drops below 240
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 6.4% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV (avg 104.6%) far above VIX (18.4), indicating elevated volatility premium.
Favorable?
No

Term structure: Term structure flat at ~90% ATM after 1w; 0 DTE shows extreme put skew (put IV 263.9%).

⚠️IV elevated vs VIX but bearish flow and negative GEX caution.
📉0 DTE put skew extreme; short-term tail risk elevated.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-8.2M)

OI concentrations: Call OI wall $300-$350; put floor $150-$175; max pain $285.

Verdict: Moderate pin risk with OI imbalances; spot below max pain.

Premium Opportunities

#1
Call diagonal
Sell 2026-07-31 $325.00 call / buy 2026-09-18 $370.00 call
Captures volatility premium decay on short call while maintaining upside via long call.
Debit: $8.05-$9.85
Max loss: $9.85
BE: Path-dependent
Mgmt: Exit if spot approaches short strike ($325) within 14 days; roll or close at earnings.

Risk Alerts

!Bearish put flow and negative dealer gamma.
!IV spike from 0 DTE skew distorts term structure.
!SPY/QQQ down day; sector negative.
How to Use These Reports
This theta reflects the market close on June 26, 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.