MRVL wheel: cash-secured put & covered-call yields
Marvell Technology, Inc. Common Stock · Technology · $164.45 close on Nov 12, 2026
What the Nov 12, 2026 close says about MRVL
At 80.2% implied volatility, the options market is pricing a one-standard-deviation move of about $41.43 (25.2%) in MRVL by Dec 18, 2026, 36 days out.
Selling the $150 put (−0.30Δ) for $9.10 means assignment would leave a cost basis of $140.90, 14.3% below the $164.45 close.
The 64-day 0.30Δ put pays 1.3× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.253 vs $0.191).
At 0.30Δ on the Dec 18 expiry the put yields 6.07% on its strike and the call 3.89% on spot: puts pay 1.6× what calls do on MRVL this session.
Moving down to the $140 put (−0.21Δ) buys 6.1% more room below spot and keeps 66% of the 0.30Δ premium.
Open interest in the stored window totals 207,595 contracts; the largest single line is the $140 put expiring Dec 18 with 13,711 (6.6% of the window).
By options volume MRVL ranks #67 of 679 names in our universe.
Near-the-money options volume (3.3k) is 348% above its 5-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on MRVL
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $150 | −0.30 | $9.10 Nov 12 | $910.00 | $15,000 | 6.07% | 61.5% | $140.90 | 11,749 | 226 |
| 0.20Δ | $140 | −0.21 | $6.00 Nov 12 | $600.00 | $14,000 | 4.29% | 43.5% | $134.00 | 13,711 | 246 |
Snapshot #9438 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $150 | −0.31 | $12.21 Nov 12 | $1,221.00 | $15,000 | 8.14% | 46.4% | $137.79 | 6,475 | 18 |
| 0.20Δ | $135 | −0.20 | $6.66 Nov 12 | $666.00 | $13,500 | 4.93% | 28.1% | $128.34 | 8,845 | 104 |
Snapshot #9438 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on MRVL
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $195 | 0.29 | $6.40 Nov 12 | $640.00 | 3.89% | 39.5% | 22.47% | 227.8% | 1,465 | 45 |
| 0.20Δ | $210 | 0.19 | $3.79 Nov 12 | $379.00 | 2.30% | 23.4% | 30.00% | 304.2% | 2,003 | 300 |
Snapshot #9438 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $200 | 0.31 | $8.53 Nov 12 | $853.00 | 5.19% | 29.6% | 26.80% | 152.9% | 4,137 | 682 |
| 0.20Δ | $220 | 0.21 | $5.10 Nov 12 | $510.00 | 3.10% | 17.7% | 36.88% | 210.3% | 6,070 | 140 |
Snapshot #9438 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
MRVL volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 80.2%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 207,595 contractssession 2026-11-12
- Largest open-interest line
- $140 put · Dec 18 · 13,711
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #67 of 679 optionable names by options volume
How these numbers are made
One end-of-day snapshot per session from a 15-minute-delayed feed. A premium is a contract’s last trade, used only if it printed that session, sits above intrinsic value and is in order with its neighbours; deltas are the feed’s own. Expiries are the first at least 30 and 60 days out, and nothing under 30 days is annualized. Not investment advice. Full methodology.
- We are building our own daily implied-volatility history (34 of 252 sessions so far); IV rank and percentile need a full year of it.
- Our data provider does not license announced earnings dates, and we do not publish estimates.
- Our data feed carries last trades, not live bid/ask quotes, so we cannot show a spread.