Data through close

MRVL max pain, gamma exposure (GEX) & options open interest

As of close · rank #70 by open interest · 1,394 sessions of history since Dec 1, 2020

MRVL's nearest-expiration max pain is 250.00 for 2026-10-09, its GEX flip is 240.65, net GEX is 31,552,381, its put/call open-interest ratio is 1.25. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
272.29
prev 268.08
Gamma max
294.20
+8.0% from close
Delta neutral
239.77
-11.9% from close
Gamma neutral
240.65
-11.6% from close
Open interest
1,504,942
-6.1% vs prev
Contracts listed
1,579
1,070 calls · 1,026 puts

Whole-chain analytics

Derived after the close from the same dated options chain. Signed gamma exposure uses calls positive and puts negative; it is a model convention, not observed dealer inventory.

Nearest max pain
250.00
-8.2% from close
2026-10-09
GEX flip
240.65
-11.6% from close
Net GEX
31,552,381
2,096,584 per 100k OI
Call wall
300.00
+10.2% from close
Put wall
250.00
-8.2% from close
Put/call OI
1.25
837,086 puts / 667,856 calls

Advanced options analysis

Complete derived analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.

Catalyst intensity
56.5
cross-sectional score / 100
Directional score
-15.8
relatively bearish positioning
IV rank
22.2
within trailing 52-week range
Front / back ATM IV
+74.2% / +62.2%
12.0 pp front premium
Expected move
+10.3%
7 DTE · one standard deviation
ATM straddle / spot
+7.5%
front-window midpoint premium
25Δ risk reversal
-1.0 pp
put IV minus call IV
IV butterfly
-0.3 pp
front-window smile convexity
Volume / open interest
0.11
186,236 contracts traded
Normalized net delta
0.203
option-holder convention
Modeled dealer delta
-0.203
opposite-side scenario
Vanna / 100k OI
1,261
volatility-sensitive delta
Charm / 100k OI
-5,816,743
time-decay-sensitive delta
IV surface range
52.8 pp
published contour maximum minus minimum

Strongest relative signals: front IV premium 12.0 pp · volume/OI 0.11 · 7d expected move +10.3%

Download the complete dated analysis JSON .

MRVL closed 8.0% below its gamma max of 294.20. It is 11.9% above the delta neutral price of 239.77. Total open interest is 1,504,942, -6.1% versus the previous session. Its options catalyst-intensity score is 56.5 out of 100, led by front IV premium 12.0 pp, volume/OI 0.11, 7d expected move +10.3%. What gamma max means · What delta neutral means

Call versus put open interest changes

Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.

MRVL call and put open interest changes
Measure Value
Call OI change, 1 session -55,476 contracts · -7.7%
Put OI change, 1 session -41,925 contracts · -4.8%
Call minus put OI growth, 1 session -2.9 pp
Call OI change, 5 sessions +4,627 contracts · +0.7%
Put OI change, 5 sessions +5,985 contracts · +0.7%
Call minus put OI growth, 5 sessions -0.0 pp
Daily call OI change surprise -1.21σ (252 prior changes)
Daily put OI change surprise -0.89σ (252 prior changes)
Daily call-minus-put growth surprise -1.14σ (252 prior changes)

History

2025-10 2026-10
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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What followed prior gamma-max crosses?

Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.

Crosses below gamma max 34 completed Day +10 paths · latest Jun 3, 2026
MRVL returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -12.0% -6.0% 0% +6.0% +12.0% Cross on Dec 2, 2020 Cross on Dec 18, 2020 Cross on Jan 15, 2021 Cross on Jan 20, 2021 Cross on Jan 26, 2021 Cross on Jun 18, 2021 Cross on Oct 8, 2021 Cross on Nov 3, 2021 Cross on Nov 10, 2021 Cross on Nov 19, 2021 Cross on Dec 8, 2021 Cross on Jan 27, 2023 Cross on Feb 3, 2023 Cross on Jun 2, 2023 Cross on Jun 15, 2023 Cross on Dec 15, 2023 Cross on Jan 22, 2024 Cross on Jan 25, 2024 Cross on Feb 9, 2024 Cross on Mar 5, 2024 Cross on Mar 8, 2024 Cross on Mar 28, 2024 Cross on Dec 5, 2024 Cross on Dec 17, 2024 Cross on Jan 21, 2025 Cross on Jun 20, 2025 Cross on Jun 27, 2025 Cross on Sep 26, 2025 Cross on Oct 9, 2025 Cross on Apr 2, 2026 Cross on Apr 14, 2026 Cross on Apr 21, 2026 Cross on Apr 24, 2026 Cross on Jun 3, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
MRVL historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 34 -0.4% -3.2% to +2.0% 47% -1.8% to +0.7% 0.0%
Day +2 34 -0.9% -2.5% to +2.1% 44% -1.8% to +0.4% 0.0%
Day +3 34 -1.2% -4.1% to +2.3% 41% -3.2% to +0.5% 0.0%
Day +4 34 -0.9% -3.3% to +3.6% 41% -2.6% to +1.1% 0.0%
Day +5 34 -0.1% -4.4% to +3.1% 50% -3.7% to +1.6% 0.0%
Day +6 34 -1.1% -5.5% to +5.0% 47% -3.5% to +3.1% 0.0%
Day +7 34 +1.0% -5.2% to +4.9% 53% -4.8% to +3.7% 0.0%
Day +8 34 +0.6% -4.5% to +3.7% 56% -2.8% to +2.5% 0.0%
Day +9 34 -1.3% -5.2% to +3.1% 44% -2.6% to +1.9% 0.0%
Day +10 34 -0.5% -4.3% to +3.4% 47% -3.6% to +1.6% 0.0%
Crosses above gamma max 32 completed Day +10 paths · latest Jun 2, 2026
MRVL returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -12.0% -6.0% 0% +6.0% +12.0% Cross on Dec 17, 2020 Cross on Jan 11, 2021 Cross on Jan 19, 2021 Cross on Jan 25, 2021 Cross on Jun 10, 2021 Cross on Oct 7, 2021 Cross on Oct 29, 2021 Cross on Nov 4, 2021 Cross on Nov 18, 2021 Cross on Jul 20, 2022 Cross on Jan 26, 2023 Cross on Feb 1, 2023 Cross on Jun 12, 2023 Cross on Dec 14, 2023 Cross on Jan 19, 2024 Cross on Jan 24, 2024 Cross on Feb 8, 2024 Cross on Mar 1, 2024 Cross on Mar 6, 2024 Cross on Mar 27, 2024 Cross on Dec 4, 2024 Cross on Dec 13, 2024 Cross on Jan 17, 2025 Cross on Jun 18, 2025 Cross on Jun 26, 2025 Cross on Sep 25, 2025 Cross on Oct 8, 2025 Cross on Apr 1, 2026 Cross on Apr 9, 2026 Cross on Apr 20, 2026 Cross on Apr 23, 2026 Cross on Jun 2, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
MRVL historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 32 +0.4% -1.0% to +1.6% 53% -0.8% to +0.8% 0.0%
Day +2 32 -0.6% -4.1% to +1.5% 47% -3.2% to +1.0% 0.0%
Day +3 32 -1.1% -4.1% to +1.7% 47% -3.0% to +1.0% 0.0%
Day +4 32 -1.1% -4.9% to +1.3% 41% -2.9% to +1.1% 0.0%
Day +5 32 -1.6% -4.5% to +3.4% 41% -3.9% to +1.6% 0.0%
Day +6 32 -0.3% -6.0% to +2.9% 44% -5.0% to +1.6% 0.0%
Day +7 32 -1.5% -5.0% to +3.4% 44% -4.0% to +3.1% 0.0%
Day +8 32 +1.1% -6.9% to +3.9% 53% -4.8% to +3.3% 0.0%
Day +9 32 +0.0% -6.2% to +4.3% 50% -5.5% to +3.4% 0.0%
Day +10 32 -1.4% -5.0% to +7.3% 47% -4.1% to +2.9% 0.0%

Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.

Last 252 sessions

MRVL trailing historical statistics
Sessions closed above gamma max 3%
Gamma max crosses 12
Delta neutral crosses 28
Prior-year sessions closer to gamma max 29.4% of 252
Prior-year sessions closer to delta neutral 74.6% of 252
Open interest percentile (1y) 73th
Daily open interest change versus prior year -1.06σ (-97,401 contracts; 252 prior changes)
Open interest change, 5 sessions +0.7%
Open interest change, 21 sessions -15.5%
History available Dec 1, 2020 → Oct 2, 2026

Recent crosses

  1. closed above delta neutral at 223.55 vs 214.75 (+3.9%)
  2. closed below delta neutral at 211.66 vs 215.49 (-1.8%)
  3. closed above delta neutral at 218.59 vs 196.67 (+10.0%)
  4. closed below delta neutral at 194.23 vs 202.14 (-4.1%)
  5. closed above delta neutral at 207.96 vs 201.17 (+3.3%)
  6. closed below delta neutral at 206.26 vs 211.94 (-2.8%)
  7. closed below gamma max at 301.65 vs 305.67 (-1.3%)
  8. closed above gamma max at 290.66 vs 288.99 (+0.6%)
  9. closed below gamma max at 164.31 vs 175.59 (-6.9%)
  10. closed above gamma max at 165.56 vs 161.88 (+2.2%)

In today's screens

Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/MRVL

Questions people ask about MRVL

Where is MRVL's gamma max today?

As of Oct 2, 2026, the gamma max for MRVL is 294.20, +8.0% from the 272.29 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.

Is MRVL above or below its delta neutral price?

MRVL closed above delta neutral: 272.29 against a delta neutral price of 239.77. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does MRVL have?

1,504,942 contracts of open interest across 1,579 listed contracts on Oct 2, 2026, -6.1% versus the previous session. What open interest measures.

Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.