MRVL (MRVL) options memo

The Read

MRVL is up 2.25% today at $217.08.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through $218.52 would change how dealers hedge this stock.

Key numbers

• Spot: $217.08
• Lean: neutral
• Nearest expiry: Fri 8/21
• Implied move: 5.0%
• ATM implied volatility: 95.8%
• Max pain: $210.00
• Pin strike: $200.00
• Gamma flip: $198.59
• Dealer positioning: SHORT GAMMA
• Call wall: $250.00
• Put wall: $200.00
• Put/call open interest: 0.689