MRVL Options Chain Analysis

As of previous close (2026-10-14) · OPRA historical data

Spot $240.84 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.25

920k P / 738k C

Put/Call (Volume)

0.66

70k P / 107k C that session

30d ATM IV

63%

annualized implied move

Call wall

$300

73k contracts

Put wall

$200

53k contracts

Tail hedging

1.5×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.25 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $300 (73k contracts), 25% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (53k contracts), 17% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 63% — the market prices very large moves; option premium is expensive.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-11-13. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	154k	140k	0.91	75k
2026-10-23	27k	29k	1.09	25k
2026-10-30	22k	20k	0.88	11k
2026-11-06	8k	9k	1.12	4k
2026-11-13	3k	6k	2.09	3k
2026-11-20	101k	111k	1.09	16k
2026-11-27	718	988	1.38	1k
2026-12-18	96k	121k	1.26	9k
2027-01-15	101k	180k	1.78	7k
2027-02-19	12k	23k	1.98	3k
2027-03-19	49k	82k	1.69	4k
2027-04-16	2k	9k	4.42	4k
2027-05-21	3k	3k	1.06	2k
2027-06-17	50k	82k	1.63	4k
2027-09-17	14k	28k	2.02	4k
2027-12-17	20k	13k	0.65	496
2028-01-21	42k	39k	0.93	3k
2028-03-17	4k	2k	0.53	147
2028-06-16	26k	21k	0.79	760
2029-01-19	3k	3k	0.79	1k

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.