Information Technology

Marvell Technology, Inc. (MRVL) options and signal

Figures as of 28 Sep 2026

MRVL is Marvell Technology, Inc., an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
Trade Card	Iron condor, 30 Oct	25 Sep
IV rank	95 of 100	28 Sep
At the money IV	63.5%	28 Sep
Priced move to 30 Oct	18.3% down, 19.3% up	28 Sep
Call wall and put wall	Both 250	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	251.90	28 Sep
Next report	1 Dec 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for MRVL was an iron condor expiring 30 Oct 2026, paper trading.

Figure	Value
Signal	Neutral
Strategy	Iron condor, credit
Legs	Buy the 180 put, Sell the 210 put, Sell the 315 call, Buy the 350 call
Expiry	30 Oct 2026, 35 days to expiry
Limit	A credit of at least $5.81
Probability of profit	73%, the option market's odds at expiry, from delta
Max loss	$2,919 per contract
Max profit	$581 per contract
Breakeven	204.19 and 320.81
IV rank at that expiry	95 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Options Snapshot

MRVL's IV rank is 95 of 100 on 28 Sep 2026.

Figure	Value
IV rank	95 of 100
At the money IV	63.5%, near month, 32 days
Put/call ratio, open interest	0.85
Call open interest, strikes captured near the price	402,000 contracts
Put open interest, strikes captured near the price	340,000 contracts
Cost to trade at the money	Tight, 3.2% of the option's mid price

IV rank is where the at the money IV sits among MRVL's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, MRVL options priced a move of 18.3 percent down and 19.3 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	6.7%	6.7%	235.00 to 268.80
9 Oct 2026	11	12.1%	12.3%	221.50 to 282.80
23 Oct 2026	25	16.5%	17.1%	210.40 to 295.10
30 Oct 2026	32	18.3%	19.3%	205.70 to 300.40
20 Nov 2026	53	23.6%	25.1%	192.50 to 315.10
18 Dec 2026	81	30.3%	32.0%	175.60 to 332.50
19 Feb 2027	144	37.8%	42.5%	156.70 to 358.90

The range is one standard deviation either side of the close of 251.90, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, MRVL's call wall and put wall are both at the 250 strike.

Figure	Value
Call wall, most open call gamma	250
Put wall, most open put gamma	250
Net dollar gamma, calls minus puts	$60.16 million
Total dollar gamma, both sides	$233.08 million
Close	251.90

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 6 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, MRVL's at the money IV is 63.5 percent against 20 day realized volatility of 56.0 percent.

Figure	Value
At the money IV	63.5%
Realized volatility, 20 trading days	56.0%
Realized volatility, 60 trading days	81.2%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	843, from 8 Jan 2010
Weeks the price moved more than the one week priced move	32.6% of 236 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, MRVL's at the money IV runs from 63.6 percent at 4 days to 64.4 percent at 144 days.

Days to expiry	At the money IV
4	63.6%
11	70.9%
18	66.2%
25	64.1%
39	64.1%
53	64.2%
81	66.7%
144	64.4%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, MRVL's IV ten percent below the price sits 0.7 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	64.2%	+0.7 points
At the money	63.5%	0.0 points
10% above the price	63.8%	+0.3 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, MRVL's surface spans 10 expiries out to 144 days, with IV from 63.4 to 72.7 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	90
Lowest IV among them	63.4%
Highest IV among them	72.7%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, MRVL has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	63.6%	41,600	19,189
9 Oct 2026	11	70.9%	16,666	12,960
16 Oct 2026	18	66.2%	99,248	61,906
23 Oct 2026	25	64.1%	6,052	14,827
30 Oct 2026	32	63.5%	6,464	6,058
6 Nov 2026	39	64.1%	712	725
20 Nov 2026	53	64.2%	73,125	60,442
18 Dec 2026	81	66.7%	73,827	77,108
15 Jan 2027	109	65.2%	73,818	70,117
19 Feb 2027	144	64.4%	10,747	16,700

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, MRVL's largest open interest sits at the 300 strike, with 52,225 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
300	46,036	6,189	52,225
250	33,056	17,334	50,390
200	6,895	32,323	39,218
260	20,615	9,088	29,703
190	7,381	22,142	29,523
220	11,433	17,842	29,275

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, MRVL's at the money IV moved from 63.4 percent to 63.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	63.4%	63.5%	+0.1 points
Open interest, strikes captured near the price	804,865	742,291	-62,574
Put/call ratio, open interest	0.84	0.85	+0.00

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 99,690 MRVL option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	58,032
Puts traded	41,658
Against its recent average	0.8 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	1.36 million contracts
Volume to open interest	0.07
Unusual volume flag	Yes, 8 contracts traded well above open interest
Largest flagged contract	The 330 call expiring 16 Oct, 8,383 traded against 2,978 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of MRVL's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	212.31	$20.22 million	250	200
21 Sep 2026	257.38	$92.04 million	250	250
28 Sep 2026	251.90	$60.16 million	250	250

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of MRVL was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	266.00, the swing high of 22 Sep 2026
Level below the close	241.88, the swing low of 9 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 MRVL sat at the 25th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	89 of 100	Bullish
20 trading days	33 of 100	Neutral
45 trading days	25 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 MRVL's near timeframes were bullish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 MRVL had carried no signal for 2 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	25 of 100
24 Sep 2026	None	17 of 100
23 Sep 2026	Bearish	2 of 100
22 Sep 2026	Bearish	0 of 100
21 Sep 2026	None	6 of 100
18 Sep 2026	None	16 of 100
17 Sep 2026	None	13 of 100
16 Sep 2026	Bearish	1 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

MRVL closed at 251.90 on 28 Sep 2026.

Figure	Value
Last close	251.90
Change over 5 trading days	-2.1%
Change over 21 trading days	+4.3%
Change over 63 trading days	-9.3%
Change over 252 trading days	+200.6%
52 week high	329.88
52 week low	70.69
20 day moving average	234.65
50 day moving average	221.83
200 day moving average	163.33
RSI, 14 days	57

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

MRVL reports next on 1 Dec 2026, a date worked out from past quarters.

Figure	Value
Next report	1 Dec 2026
Date	Worked out from past quarters

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Company Events

MRVL filed 1 current report in the 14 days to 28 Sep 2026, the latest on 25 Sep 2026.

Filed	Report	What it covers
25 Sep 2026	Current report	Other Events

Filings as of 28 Sep 2026. Current on every plan.

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Public Filings

The filings the desk holds carry 1 recent trade in MRVL shares.

Filed	Who	Trade	Size
4 Sep 2026	. Gilbert Cisneros, member of Congress	Bought	$1,001 to $15,000

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

Filings as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, MRVL's average change was minus 0.7 percent, and it rose in 39.1 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.7%	-1.4%	39.1%	23
October	-1.2%	-1.8%	43.5%	23
November	+7.2%	+8.1%	73.9%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 5 headlines naming MRVL in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	5
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is MRVL's IV rank?: MRVL's IV rank is 95 of 100 on 28 Sep 2026.
What move are MRVL options pricing?: On 28 Sep 2026, MRVL options priced a move of 18.3 percent down and 19.3 percent up by 30 Oct 2026.
Where are MRVL's call wall and put wall?: On 28 Sep 2026, MRVL's call wall and put wall are both at the 250 strike.
What was the latest Trade Card for MRVL on the Free plan?: On 25 Sep 2026 the Trade Card for MRVL was an iron condor expiring 30 Oct 2026, paper trading.
When does MRVL report earnings next?: MRVL reports next on 1 Dec 2026, a date worked out from past quarters.

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